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Ryan & Maniskas, LLP Announces Investigation of Pharmaceutical Product Development Inc.

^{Published on 2011-10-04 17:41:23 - Market Wire}
 

WAYNE, Pa.--([ BUSINESS WIRE ])--Ryan & Maniskas, LLP ([ www.rmclasslaw.com/cases/ppdi ]) is investigating potential claims against the board of directors of Pharmaceutical Product Development Inc. ("PPD" or the "Company") (NASDAQ: PPDI) concerning possible breaches of fiduciary duty and other violations of law related to the Companya™s efforts to sell PPD to by an affiliate of The Carlyle Group and Hellman & Friedman in a transaction valued at approximately $3.9 billion.

Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by Companya™s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of PPD. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at [ rmaniskas@rmclasslaw.com ] or visit: [ www.rmclasslaw.com/cases/ppdi ].

Under the terms of the definitive agreement, PPD shareholders will receive $33.25 in cash for each share of PPD common stock they own.

If you own shares of PPD and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: [ www.rmclasslaw.com/cases/ppdi ]. You may also email Mr. Maniskas at [ rmaniskas@rmclasslaw.com ]. For more information about class action cases in general, please visit our website: [ www.rmclasslaw.com ].

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.