Chelsea Therapeutics

 

NEW YORK, May 8, 2014 /PRNewswire/ — Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Chelsea Therapeutics International, Ltd. (NASDAQ: CHTP) (“Chelsea” or the “Company”) on behalf of its shareholders. H. Lundbeck A/S (“Lundbeck”) and Chelsea announced that the companies have entered into a definitive agreement under which Lundbeck will acquire Chelsea. Under the terms of the agreement, Chelsea shareholders shall receive $6.44 per share in cash, as well as CVRs that may pay up to an additional $1.50 upon achievement of certain commercial milestones related to NORTHERA’s commercial performance in the period 2015-2017.

The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Chelsea for not acting in Chelsea shareholders’ best interests in connection with the sale process of Chelsea. The investigation seeks to determine if there was an adequate auction process and if Lundbeck is underpaying for Chelsea shares. Indeed, analysts have projected that the true going forward inherent value of the company is worth at least $12 per share. Further, Chelsea stock traded as high as $6.83 per share just a few months ago. Moreover, the companies stated that there can be assurance that any or all of the CVRs will be made to shareholders.

If you are a shareholder of Chelsea and would like additional information regarding this matter, at no cost or expense, please contact us

Forest Oil Corporation

 

Tripp Levy PLLC investigating the Merger of Forest Oil – Seeks Higher Price and more Information

May 6, 2014
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm announces that it is investigating the acquisition of Forest Oil Corporation. Under the terms of the merger agreement, Sabine and Forest Oil will combine their businesses under a newly formed holding company, Sabine Oil & Gas Corporation (“Sabine Oil & Gas”). As part of the transaction, each share of Forest Oil common stock will be converted into 0.1 of a share of Sabine Oil & Gas common stock, designed to replicate a 10:1 reverse stock split.. As a result of the transaction, former Sabine unit holders and Forest Oil shareholders will own approximately 73.5% percent and 26.5% percent, respectively, of the outstanding Sabine Oil & Gas common stock upon closing of the combination.

The investigation concerns whether the board of directors and senior management of Forest are acting in the best interests of its shareholders in selling Forest and whether they engaged in a full and fair auction and process to insure shareholders received the maximum value for their shares while not obtaining personal benefits for themselves that are not being shared with other shareholders. Indeed, analysts have projected that the true going forward inherent value of Forest is worth at least $4 per share.

If you are a shareholder of Forest Oil and would like additional information regarding this matter at no cost or expense please contact us toll free at 1-877-772-3975 or contact us via our website.

Tripp Levy PLLC and its affiliates have represented institutional and individual shareholders recovering billions of dollars for shareholders in similar actions around the globe. Attorney advertising

Zalicus Inc.

 

NEW YORK, May 2, 2014 — Tripp Levy PLLC, a leading national securities and shareholder rights law firm that represents shareholders throughout the nation, announces that it is investigating the buyout of Zalicus Inc. (NASDAQ: ZLCS) on behalf of its shareholders.

If you are a shareholder of Zalicus Inc. and would like additional information regarding this matter, at no cost or expense, please contact us

R.G. Barry

 

NEW YORK, May 2, 2014 /PRNewswire/ — Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of R.G. Barry Corporation (NASDAQ: DFZ). The private equity firm Mill Road Capital, which owns 9.8% of R.G. Barry, will acquire the remaining shares of R.G. Barry that it does not already own for only $19 per share.

The investigation concerns whether the board of directors of R.G. Barry engaged in a full and fair auction and process to insure that shareholders received the maximum value for their shares. Indeed, analysts have projected that the true going forward inherent value of the company is worth at least $21 per share. Further, Mill Road has agreed to vote its 9.8% stake in favor of the merger.

If you are a shareholder of R.G Barry and would like additional information as to how the acquisition may affect your rights as a shareholder, at no cost or expense, please contact us

Pepco Holdings Inc.

 

NEW YORK, April 30, 2014 /PRNewswire/ — Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Pepco Holdings Inc. (NYSE: POM) on behalf of its shareholders. Exelon Corporation (NYSE: EXC) and Pepco announced that they have signed a merger agreement under which Exelon will acquire all the outstanding common stock of Pepco for $27.25 per share in cash.

The investigation concerns whether the senior management and board of directors of Pepco breached their fiduciary duties to shareholders by not engaging in a full and fair process and auction to insure that its shareholders received the maximum value for their shares while not obtaining personal benefits for their own in self-interests not being shared with other shareholders.

If you would like additional information as to how this acquisition of Pepco affects your rights as a shareholder, please contact us

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