Law Office of Brodsky & Smith, LLC Announces Investigation of PROLOR
BALA CYNWYD, Pa. -- April 27, 2013
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of PROLOR Biotech, Inc.
(“PROLOR” or the “Company”) (NYSE: PBTH) relating to the proposed acquisition
by OPKO Health, Inc. (“OPKO”).
Under the terms of the transaction, PROLOR shareholders will receive only
0.9951 shares of OPKO stock for each share of PROLOR stock they own. The
transaction values PROLOR stock at approximately $7.025 per share. The
investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of PROLOR for not acting in
the Company’s shareholders' best interests in connection with the sale
process. The transaction may undervalue the Company as an analyst has set a
$12.00 per share price target on PROLOR stock. In addition, it has been
reported that Deerpath Capital has indicated that the Company is worth more
than $10.00 per share.
If you own shares of PROLOR 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/571-pbth-prolor-biotech-inc.html, by calling toll
Attorney advertising. Prior results do not guarantee a similar outcome.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
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