STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Alere Inc. (“Alere” or the “Company”) (NYSE: ALR) relating
to the proposed buyout of the Company by its former CEO, Ron Zwanziger
(“Zwanziger”).
Under the terms of the transaction, Alere shareholders are anticipated
to receive $46.00 in cash for each share of Alere common stock they own.
The proposed transaction is valued at $3.82 billion. The firm’s
investigation seeks to determine, among other things, whether the
Company’s Board of Directors breached their fiduciary duties by failing
to maximize shareholder value before agreeing to enter into the
transaction, and whether Zwanziger is underpaying for Alere shares.
If you currently own common stock of Alere and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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