Bull & Lifshitz, LLP Announces Investigation of Allos Therapeutics, Inc.
21 Julho 2011 - 4:37PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Allos Therapeutics, Inc. (NASDAQ: ALTH) (referred to as
"Allos" or the “Company”) to AMAG Pharmaceuticals, Inc. (“AMAG”) in
an all-stock merger with a total equity value of approximately $686
million.
Under the terms of the agreement, Allos stockholders will
receive a fixed ratio of 0.1282 shares of AMAG common stock for
each share of Allos common stock they own. Following the
consummation of the merger, AMAG stockholders will own
approximately 61 percent of the combined company and Allos
stockholders will own approximately 39 percent of the combined
company.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Allos common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Allos and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Allos.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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