An investigation on behalf of investors of Alere Inc (NYSE:ALR) in connection with the proposed takeover was announced and NYSE:ALR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/24/2016 -- An investigation for shareholders in Alere Inc (NYSE:ALR) was announced concerning whether the takeover of Alere Inc by Abbott is unfair.
Investors who purchased shares of Alere Inc (NYSE:ALR) and currently hold any of those NYSE:ALR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Alere Inc breached their fiduciary duties owed to (NYSE:ALR investors in connection with the proposed acquisition.
On February 1, 2016, Abbott (NYSE: ABT) and Alere Inc. (NYSE: ALR) announced an agreement for Abbott to acquire Alere. Under the terms of the agreement, Abbott will pay $56 per common share at a total expected equity value of $5.8 billion.
However, given that at least one analyst has set the high target price for NYSE:ALR shares at $60.00 per share, the investigation concerns whether the offer is unfair to NYSE:ALR stockholders. More specifically, the investigation concerns whether the Alere Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Alere Inc (NYSE:ALR) closed at $53.20 per share on February 4, 2016.
Those who are current investors in Alere Inc (NYSE:ALR) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com