WAYNE, Pa., April 25, 2013 /PRNewswire/ -- Ryan &
Maniskas, LLP (www.rmclasslaw.com/cases/pbth) is investigating
potential claims against the board of directors of PROLOR Biotech,
Inc. ("PROLOR" or the "Company") (NYSE MKT: PBTH) concerning
possible breaches of fiduciary duty and other violations of law
related to the Company's efforts to sell the Company to OPKO
Health, Inc. in a transaction valued at approximately $480 million.
(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO
)
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by the Company's board of directors; in particular,
whether the Company undertook a fair process to obtain fair
consideration for all shareholders of PROLOR. For more
information regarding our investigation, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas,
Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/pbth.
Under the terms of the transaction, shareholders of PROLOR will
receive 0.9951 shares of OPKO for each share of PROLOR they
own.
If you own shares of PROLOR and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/pbth. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
CONTACT: Ryan & Maniskas,
LLP
Richard A. Maniskas,
Esquire
995 Old Eagle School Rd., Suite
311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/pbth
rmaniskas@rmclasslaw.com
SOURCE Ryan & Maniskas, LLP