NEW YORK, Oct. 9, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Durata Therapeutics, Inc. ("Durata" or the "Company") (NASDAQ: DRTX) concerning the proposed acquisition of the Company by Actavis plc ("Actavis").
Under the terms of the transaction, Actavis would acquire Durata in a transaction valued at approximately $675 million. Durata shareholders are being offered $23.00 in cash plus the right to receive a payment of as much as $5.00 per share if certain milestones are achieved. According to Yahoo! Finance, at least one analyst has set a price target for Durata stock of $26.00 per share.
Our investigation concerns whether the Durata board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Durata shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Craig Lowther
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: [email protected]
Website: http://www.hfesq.com
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP
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