Ryan & Maniskas, LLP Announces Investigation of Adolor Corporation
25 Ottobre 2011 - 4:57PM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/adlr) is
investigating potential claims against the board of directors of
Adolor Corporation ("Adolor" or the "Company") (NASDAQ: ADLR)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company’s efforts to sell Adolor to Cubist
Pharmaceuticals, Inc. (“Cubist”) in a transaction valued at
approximately $415 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all shareholders of Adolor. 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/adlr.
Under the terms of the agreement, Cubist will acquire all
outstanding shares of Adolor for $4.25 per share in cash. In
addition to the cash payment Adolor shareholders would receive one
Contingent Payment Right (“CPR”) entitling the holder to receive
additional cash payments of up to $4.50 for each share owned if
certain benchmarks are achieved. Under the agreement, Cubist will
commence a tender offer to purchase all outstanding shares of
Adolor for the upfront cash payment and CPR.
If you own shares of Adolor 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/adlr. 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.
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