Murray, Frank & Sailer LLP Investigates Breaches Of Fiduciary Duty Regarding Acquisition Of Drugstore.com, Inc. By Walgreen Co.
Murray, Frank & Sailer LLP is investigating claims of breach of fiduciary duty by certain members of the board of directors of drugstore.com, inc. (NASDAQ: DSCM) (“drugstore.com” or the “Company”) in relation to the acquisition of the Company by Walgreen Co. (“Walgreen”).
On March 24, 2011, drugstore.com and Walgreen announced that Walgreen will acquire drugstore.com pursuant to a transaction under which drugstore.com stockholders will receive $3.80 in exchange for each share of drugstore.com common stock, an aggregate value of approximately $409 million. The transaction is expected to close in July 2011.
The investigation concerns whether certain members of the board of directors breached their fiduciary duty in connection with their efforts to sell drugstore.com to Walgreen at an inadequate price through an unfair process which significantly undervalues the Company. In particular, as recently as May 2010, drugstore.com shares traded as high as $3.91 per share. For this and other reasons, Murray Frank is investigating whether the acquisition price will fairly compensate drugstore.com shareholders.
If you are a current investor in drugstore.com, who purchased DSCM shares before March 24, 2011, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Bridget Hamill at (800) 497-8076 or (212) 682-1818, or by email at firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV