Bernstein Liebhard LLP is investigating whether the Board of Directors of King Pharmaceuticals, Inc. (“King Pharmaceuticals” or the “Company”) (NYSE: KG) breached its fiduciary duty to its shareholders in agreeing to sell King Pharmaceuticals to Pfizer, Inc.
Under the terms of the agreement, King Pharmaceuticals shareholders will receive $14.25 in cash for each share they own, placing the total value of the transaction at approximately $3.6 billion. The investigation is focused on the potential unfairness of the price to King Pharmaceuticals shareholders and the process by which the King Pharmaceuticals Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a King Pharmaceuticals shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or
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