INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of Forest Laboratories, Inc. Buyout Proposal
SMITHTOWN, NY, Feb. 18, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of Forest Laboratories, Inc.(“Forest”) (NYSE: FRX) for possible breaches of fiduciary duties and other violations of law in connection with Forest’s agreement to be acquired by Actavis plc (“Actavis”).
Under the terms of the proposal, public stockholders of Forest would receive $26.04 per share in cash and 0.3306 shares of Actavis for each share of Forest they own.
The investigation concerns whether Forest’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Forest’s stockholders would be fair and adequate, and whether Forest is acting in its stockholders’ best interests.