NEW YORK, Feb. 6, 2015 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Hospira, Inc. ("Hospira" or the "Company") (NYSE: HSP) for potential breaches of fiduciary duties in connection with the sale of the Company to Pfizer, Inc. ("Pfizer") (NYSE: PFE) for approximately $17 billion. The Company's stockholders will receive $90 for each share of Hospira common stock they own.
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The investigation focuses on whether Hospira's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Hospira's shareholders.
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If you own common stock in Hospira and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/HSP or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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