NEW YORK, Nov. 8, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of DUSA Pharmaceuticals, Inc. ("DUSA" or the "Company") (NASDAQ: DUSA) concerning the proposed acquisition of the Company by Sun Pharmaceutical Industries Ltd. ("Sun Pharmaceuticals") in a transaction valued at approximately $230 million.
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On November 8, 2012, it was announced that DUSA and Sun Pharmaceuticals have entered into a definitive agreement pursuant to which Sun Pharmaceuticals will acquire DUSA. Under the terms of the transaction, DUSA shareholders will receive $8.00 in cash per share held. At least one analyst has set a target price for DUSA stock of $9.50 per share.
Our investigation concerns whether the DUSA board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own DUSA shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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