Law Offices of Howard G. Smith Announces Continued Investigation of ISTA Pharmaceuticals, Inc.
28 Marzo 2012 - 11:51AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
ISTA Pharmaceuticals, Inc. (“ISTA” or the “Company”) (NASDAQ:ISTA)
related to the proposed acquisition of the Company by Bausch &
Lomb. The transaction is valued at approximately $500 million or
$9.10 per share.
This investigation concerns whether the Board of Directors of
ISTA breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. The
Company has seen substantial recent growth. Its share price has
skyrocketed from $3.89 on December 15, 2011 to $8.30 on March 23,
2012. Further, at least one analyst has set a target price for the
Company’s stock at $12.00 per share.
If you are a shareholder of ISTA, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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