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Tue, July 31, 2012Mon, July 30, 2012Sun, July 29, 2012Fri, July 27, 2012Thu, July 26, 2012Wed, July 25, 2012Tue, July 24, 2012Mon, July 23, 2012Sun, July 22, 2012Sat, July 21, 2012Fri, July 20, 2012Thu, July 19, 2012Wed, July 18, 2012Tue, July 17, 2012Mon, July 16, 2012Fri, July 13, 2012Thu, July 12, 2012Wed, July 11, 2012Tue, July 10, 2012Mon, July 9, 2012Fri, July 6, 2012Thu, July 5, 2012Wed, July 4, 2012The Lin Law Firm Investigates Potential Breaches of Fiduciary Duties In Connection With Proposed Acquisition of Par Pharmaceuti
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Published in Health and Fitness on Tuesday, July 17th 2012 at 12:46 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
The Lin Law Firm Investigates Potential Breaches of Fiduciary Duties In Connection... -- LOS ANGELES, July 17, 2012 /PRNewswire/ --
The Lin Law Firm Investigates Potential Breaches of Fiduciary Duties In Connection With Proposed Acquisition of Par Pharmaceutical Companies Inc.
LOS ANGELES, July 17, 2012 /PRNewswire/ -- The Lin Law Firm, A Professional Law Corporation, is investigating potential breach of fiduciary duty claims against the Board of Directors of Par Pharmaceutical Companies Inc. ("Par Pharmaceutical" or the "Company") (NYSE: [ PRX ]) related to the proposed acquisition of the Company by TPG Capital for $50 per share.
This investigation concerns whether the Board of Directors of Par Pharmaceutical breached its fiduciary duties to shareholders by failing to adequately shop the Company and to obtain the highest price for its shareholders, and whether all material information to shareholders has been disclosed. The Company has exceeded earnings expectations in three of the last four quarters, and its stock price reached as high as $42.58 on May 2, 2012. In addition, the price being offered for Par Pharmaceutical shares in the proposed acquisition is low compared to recent deals for generic drug makers.
If you currently own shares of Par Pharmaceutical 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, please contact Elizabeth Lin, Esq., The Lin Law Firm, APLC, by telephone at (866) 864-3898 or by email to [ elizabethL@thelinlawfirm.com ].
The Lin Law Firm, A Professional Law Corporation, is a litigation law firm committed to representing investors nationwide in securities matters and protecting investors against corporate wrongdoing. For additional information, please visit [ www.thelinlawfirm.com ].
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact:
Elizabeth Lin, Esq.
The Lin Law Firm, A Professional Law Corporation
2705 S. Diamond Bar Blvd., Suite 398
Diamond Bar, CA 91765
Tel: (909) 595-5522 / Toll Free: (866) 864-3898
Fax: (909) 595-5519
[ www.thelinlawfirm.com ]
SOURCE The Lin Law Firm, A Professional Law Corporation
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