Faruqi & Faruqi, LLP Announces Investigation of Cephalon, Inc.
24 Junho 2011 - 9:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Cephalon, Inc. (“Cephalon” or the “Company”)
(NasdaqGS: CEPH) for potential breaches of fiduciary duties in
connection with their duty to disclose material information in the
Definitive Proxy Statement filed by the Company with the SEC on
June 14, 2011. The Definitive Proxy Statement is seeking to get
shareholders’ approval of the sale of the Company to Teva
Pharmaceutical Industries Limited (“Teva”) (NasdaqGS: TEVA)
pursuant to the merger agreement the companies entered into on May
1, 2011. In accordance with the terms of the agreement, Cephalon
shareholders will receive $81.50 in cash for each share they own.
According to Yahoo! Finance, at least one financial analyst values
the Company’s stock at $82. The shareholders’ vote is scheduled to
be held on July 14, 2011.
Request more information now by clicking here:
www.faruqilaw.com/CEPH
Whether Cephalon’s Board of Directors breached their fiduciary
duties to Cephalon’s stockholders by failing to disclose all
material information in the Proxy Statement; whether it failed to
maximize shareholder value and if so by how much the sale
undervalues the Company to the detriment of Cephalon’s shareholders
are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Cephalon and wish to obtain
additional information, please visit us at www.faruqilaw.com/CEPH
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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