The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Martek Biosciences Corp. ...
22 Dicembre 2010 - 6:03PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Martek Biosciences Corporation (“Martek”) (NasdaqGS:
MATK) for possible breaches of fiduciary duty and other violations
of state law in connection with their attempt to sell the Company
to Royal DSM N.V. (NYSE: DSM). Under the terms of the proposed
transaction, Martek stockholders will receive $31.50 in cash for
each outstanding share of Martek stock they own for a total
transaction value of approximately $1.09 billion.
The investigation concerns whether the Martek Board of Directors
breached their fiduciary duties to Martek stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Royal DSM is underpaying for Martek
shares.
If you own common stock in Compellent and wish to obtain
additional information, please contact Joseph Klein, Esq. directly,
via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005,
Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/martekbiosciences.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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