|[February 21, 2014]
Law Firm Brower Piven Announces Investigation of Forest Laboratories, Inc. Proposed Buyout
STEVENSON, Md. --(Business Wire)--
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Forest Laboratories, Inc.
("Forest" or the "Company") (NYSE: FRX) and other violations of state
law by the board of directors of Forest relating to the proposed buyout
of the Company by Actavis plc.
Under the terms of the transaction, Forest shareholders will receive
$26.04 in cash and 0.3306 of an Actais share for each share of Forest
stock they own, representing a value of approximately $89.48 in cash.
The firm's investigation seeks to determine, among other things, whether
the board of directors of Forest breached their fiduciary duties by
failing to maximize shareholder value.
If you currently own common stock of Forest and would like to learn more
about the investigation being conducted by Brower Piven, you may email
or call Brower Piven, who will, without obligation or cost to you,
attempt to answer your questions. You may contact Brower Piven by email
by calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys
at Brower Piven have combined experience litigating securities and other
class action cases of over 60 years.
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