INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Forest Laboratories (FRX) Over the Proposed Sale of the Company to Actavis Plc (ACT)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Forest Laboratories, Inc. (“Forest” or the “Company”) (NYSE: FRX) for potential breaches of fiduciary duties in connection with the sale of the Company to Actavis Plc for approximately $25 billion. The Company’s stockholders will only receive $26.04 in cash and 0.3306 Actavis share for each share of Forest common stock they own.
The investigation focuses on whether Forest’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Forest’s shareholders.
If you own common stock in Forest and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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