Egleston Law Firm Announces Investigation Of The Acquisition Of Martek Biosciences Corporation
Egleston Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Martek Biosciences Corporation (NASDAQ: MATK) (“Martek” or the “Company”) by Royal DSM N.V. (“DSM”) in an all cash tender offer valued at approximately $1.087 billion.
Under the terms of the definitive agreement, Martek shareholders will receive $31.50 in cash for each share they own of the Company’s common stock. The acquisition is structured as an all-cash tender offer to be followed by a merger in which each remaining share of Martek common stock would be converted into the same cash per share price paid in the tender offer. The tender offer is expected to commence between January 10 and January 25, 2011, and to close in February 2011. The acquisition is expected to close in the first or second quarter of 2011. The investigation is focused on whether the proposed deal provides adequate value to Martek’s shareholders.
If you are a shareholder of Martek and would like more information about our investigation, please contact Gregory M. Egleston, Esq. by telephone at (646) 227-1700 or by e-mail at firstname.lastname@example.org or visit www.gme-law.com.
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