Law Office of Brodsky & Smith, LLC Announces Investigation of Velcera, Inc.
BALA CYNWYD, Pa., Feb. 2, 2013
BALA CYNWYD, Pa., Feb. 2, 2013 /PRNewswire/ --Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of Velcera, Inc. ("Velcera" or the "Company") (OTC: VLCR) relating
to the proposed acquisition by Perrigo Company ("Perrigo").
Under the terms of the transaction, Velcera shareholders will receive only
$0.40 in cash for each share of Velcera stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of state law
by the Board of Directors of Velcera for not acting in the Company's
shareholders' best interests in connection with the sale process to Perrigo.
The transaction may undervalue the Company and will result in a loss for many
shareholders. For example Velcera stock traded at $0.90 as recently as
December 26, 2012 and $1.05 on October 16, 2012.
If you own shares of Velcera stock and wish to discuss the legal ramifications
of the proposed transaction, or have any questions, you may e-mail or call the
law office of Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L. Brodsky,
Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
http://brodsky-smith.com/536-vlcr-velcera-inc.html, by calling toll free
SOURCE Brodsky & Smith, LLC
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