CHELSEA THERAPEUTICS INTERNATIONAL, LTD. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
08 Mayo 2014 - 12:21PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Chelsea
Therapeutics International, Ltd. (NASDAQ CM:
CHTP)?
- Did you purchase any of your shares
prior to May 8, 2014?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Chelsea
Therapeutics International, Ltd. (“Chelsea” or the “Company”)
(NASDAQ CM: CHTP) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an
agreement to be acquired by H. Lundbeck A/S (“Lundbeck”), in a
transaction valued at approximately $658 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/chelsea-therapeutics-international-ltd-chtp.
Under the terms of the agreement, public shareholders of Chelsea
would receive $6.44 in cash, and up to $1.50 per share in a
Contingent Value Right, for each share of Chelsea they own.
The investigation concerns whether Chelsea’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Chelsea’s shareholders before entering into an agreement
with Lundbeck. According to Yahoo! Finance, at least one analyst
has issued a price target for Chelsea stock at $12.00 per
share.
If you own the common stock of Chelsea and purchased your shares
before May 8, 2014, 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 Seth D.
Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter
Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888)
969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/chelsea-therapeutics-international-ltd-chtp.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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