Kendall Law Group Investigating Javelin Pharmaceuticals, Inc. Merger Agreement
19 Aprile 2010 - 11:20PM
Business Wire
Kendall Law Group is investigating the merger of Javelin
Pharmaceuticals, Inc. (AMEX: JAV) with Hospira, Inc. on behalf of
Javelin shareholders. The national securities litigation firm is
investigating whether a fair process was used by Javelin’s Board of
Directors prior to entering into the merger agreement and whether
they breached their fiduciary duties by not seeking a deal that
would provide better value of the Company for shareholders. Javelin
shareholders with questions or information on the firm’s
investigation are encouraged to contact the Kendall Law Group at
877-744-3728 or by email at skendall@kendalllawgroup.com.
On April 19, 2010, Javelin announced that it had entered into an
agreement to be acquired by Hospira in an all cash transaction
valued at approximately $145 million. According to the agreement,
shareholders will receive $2.20 per JAV share owned, just pennies
over the closing price the past few days. Javelin stock has also
closed at $2.12 on July 29, 2009 and $2.04 on September 22, 2009.
The transaction is expected to move quickly, commencing within five
business days and staying open for twenty.
Kendall Law Group, founded by a former federal judge, includes a
former United States Attorney, prosecutors and securities lawyers
who are experienced in complex securities litigation. The firm has
been counsel in many merger and acquisition cases nationwide,
including some of the largest transactions in the United
States.
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