Investor Lawsuit Against Acquisition of Hospira, Inc. (HSP) Announced by Shareholders Foundation
17 Fevereiro 2015 - 12:40PM
The Shareholders Foundation, Inc. announces that an investor, who
currently holds shares of Hospira, Inc. (NYSE:HSP), filed a lawsuit
in effort to stop the proposed takeover of Hospira, Inc. by Pfizer
for $90 per share.
Investors, who purchased shares of Hospira, Inc. (NYSE:HSP)
prior to February 5, 2015, and currently hold any of those
(NYSE:HSP) shares, have certain options and should contact the
Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or
call +1 (858) 779 - 1554.
The plaintiff alleges that the defendants breached their
fiduciary duties owed to (NYSE:HSP) stockholders by agreeing to
sell Hospira, Inc. too cheaply via an unfair process to Pfizer
Inc.
On February 5, 2015, Pfizer Inc. and Hospira, Inc. (NYSE:HSP)
announced that they have entered into a merger agreement under
which Pfizer will acquire Hospira for $90 a share in cash for a
total enterprise value of approximately $17 billion.
However, the plaintiff claims that the $90-offer is too low and
undervalues Hospira, Inc. In addition, the plaintiff claims that
the process is also unfair to (NYSE:HSP) stockholders.
Those who currently hold Hospira, Inc. (NYSE:HSP) shares have
certain options and should contact the Shareholders Foundation,
Inc. at mail@shareholdersfoundation.com or call +1 (858) 779 -
1554.
The Shareholders Foundation, Inc. is a professional portfolio
legal monitoring and settlement claim filing service, which does
research related to shareholder issues and informs investors of
securities class actions, settlements, judgments, and other legal
related news to the stock/financial market. The Shareholders
Foundation, Inc. is not a law firm. The information is provided as
a public service. It is not intended as legal advice and should not
be relied upon.
CONTACT: Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
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