Law Office of Brodsky & Smith, LLC Announces Investigation of Caraco Pharmaceutical Laboratories Ltd.
07 Dicembre 2010 - 5:30AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Caraco Pharmaceutical Ltd. (“Caraco” or the “Company”) (AMEX: CPD)
relating to the proposed acquisition by Sun Pharmaceutical
Industries (‘Sun”).
Under the terms of the offer, Caraco shareholders would receive
$4.75 in cash for each share of Caraco stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law. The transaction appears to be
unfair, in part, given that Caraco stock was trading at $5.86 a
share as recently as October 18, 2010 and was trading at $6.83 a
share on April 28, 2010.
If you own shares of Caraco and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/249-cpd-caraco-pharmaceuticals-laboratories-ltd.html,
or by calling toll free 877-LEGAL-90.
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