SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Akorn, Inc. (AKRX)
NEW YORK, June 29, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims of whether the board members of Akorn, Inc. ("Akorn" or the "Company") (NASDAQ: AKRX) breached their fiduciary duties in connection with the proposed sale of the Company to German based Fresenius Kabi. Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/akrx.
On April 24, 2017, Akorn revealed that it had signed a definitive merger agreement with Fresenius Kabi, and included in the terms of the agreement, Akorn shareholders will receive $34 in cash for each share of common stock held.
The investigation focuses on whether the Akorn board members failed to fulfill their duties to the shareholders and whether Fresenius Kabi is underpaying for Akorn. Several years ago, Akorn stock traded over $50 and the proposed price that Fresenius Kabi would pay is below an analyst price target of $36.00 per share.
If you are a shareholder of Akorn and believe the proposed buyout price is too low, you can learn more about this investigation by visiting the firm's site: www.bgandg.com/akrx. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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