Rigrodsky & Long, P.A.:
-
Do you own shares of Cadence Pharmaceuticals, Inc. (NASDAQ GS: CADX)?
-
Did you purchase any of your shares prior to February 11, 2014?
-
Do you think the proposed buyout price is too low?
-
Do you want to discuss your rights?
Rigrodsky
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Cadence Pharmaceuticals, Inc.
(“Cadence” or the “Company”) (NASDAQ GS: CADX)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
Mallinckrodt plc (“Mallinckrodt”) (NYSE: MNK),
in a transaction valued at approximately $1.3 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/cadence-pharmaceuticals-inc-cadx.
Under the terms of the agreement, public shareholders of Cadence will
receive $14.00 per share in cash for each share of Cadence they own.
The investigation concerns whether Cadence’s board of directors failed
to adequately shop the Company and obtain the best possible value for
Cadence’s shareholders before entering into an agreement with
Mallinckrodt. According to Yahoo! Finance, at least one analyst has
issued a price target for Cadence stock at $15.00 per share.
If you own the common stock of Cadence and purchased your shares before
February 11, 2014, if you have information or would like to learn more
about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, Delaware 19803; by telephone at (888) 969-4242; or by e-mail
to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/cadence-pharmaceuticals-inc-cadx.
Rigrodsky
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Copyright Business Wire 2014