Allos Therapeutics, Inc. (ALTH) Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition By Spectrum Pharmaceuticals, Inc.
NEW YORK, April 5, 2012 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Allos Therapeutics, Inc. ("Allos" or the "Company") (NASDAQ: ALTH) breached its fiduciary duty to its shareholders in agreeing to sell Allos to Spectrum Pharmaceuticals.
Under the terms of the agreement, Allos shareholders will receive $1.82 in cash plus one Contingent Value Right (CVR) for each share they own. This CVR entitles Allos shareholders to an additional payment of $0.11 per share in cash if certain European regulatory approval and commercialization milestones for FOLOTYN® are achieved. The investigation is focused on the potential unfairness of the price to Allos shareholders and the process by which the Allos Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as an Allos stockholder, with no obligation or cost to you, please contact Joseph R. Seidman, Jr. at:
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last nine years.
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ATTORNEY ADVERTISING. © 2012 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Bernstein Liebhard LLP