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ALERE SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Alere Inc. (ALR) Over the Proposed Sale of the Company to Abbott Laboratories
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Alere Inc.
NEW YORK, Feb. 10, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Alere Inc. ("Alere" or the "Company") (NYSE:ALR) for potential breaches of fiduciary duties in connection with the sale of the Company to Abbott Laboratories for approximately $5.8 billion in an all-cash transaction.  The Company's stockholders will only receive $56.00 for each share of Company common stock they own. However, this consideration is below at least one analyst's price target of $60.00 per share. Click here for more information: www.faruqilaw.com/ALR. There is no cost or obligation to you. The investigation focuses on whether Alere'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 Alere's shareholders. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw. If you own common stock in Alere and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ALR or contact Juan 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 Attorney Advertising. (C) 2016 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case. Logo - http://photos.prnewswire.com/prnh/20120119/MM38856LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alere-shareholder-notice-faruqi--faruqi-llp-announces-the-investigation-of-alere-inc-alr-over-the-proposed-sale-of-the-company-to-abbott-laboratories-300217642.html SOURCE Faruqi & Faruqi, LLP  |
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