NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky is investigating the Board of Directors of Astex Pharmaceuticals, Inc. (“Astex Pharmaceuticals” or the “Company”) (Nasdaq: ASTX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Otsuka Pharmaceutical Co., Ltd.
Click here to learn more about the investigation http://zlk.9nl.com/astex-pharmaceuticals-astx/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Astex Pharmaceuticals shareholders will receive $8.50 for each share of Astex Pharmaceuticals stock they own. The investigation concerns whether the Astex Pharmaceuticals Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Otsuka Pharmaceutical Co., Ltd. is underpaying for Astex Pharmaceuticals shares. In particular, at least one analyst set a price target of $13.00 per Astex Pharmaceuticals share.
If you own Astex Pharmaceuticals common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/astex-pharmaceuticals-astx/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.