Faruqi & Faruqi, LLP Announces Investigation of Pharmaceutical Product Development Inc. (PPDI)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pharmaceutical Product Development Inc. (“PPD” or the “Company”) (NASDAQ: PPDI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to the Carlyle Group and Hellman & Friedman LP in an all-cash deal valued at about $3.79 billion. Under the terms of the proposed transaction, PPD’s stockholders will receive $33.25 in cash per each share of PPD they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $38 for PPD.
Whether PPD’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues PPD’s shares and by how much this proposed transaction undervalues the Company to the detriment of PPD’s shareholders are the key focus of this investigation.
If you own common stock in PPD and wish to obtain additional information, please visit us at www.faruqilaw.com/PPDI or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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