SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible
Breaches of Fiduciary Duty by the Board of PROLOR Biotech, Inc. in Connection
with the Sale of the Company to OPKO Health, Inc.
NEW YORK, April 29, 2013
NEW YORK, April 29, 2013 /PRNewswire/ --Levi & Korsinsky is investigating the
Board of Directors of PROLOR Biotech, Inc. ("PROLOR" or the "Company") (NYSE
MKT: PBTH) for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to OPKO Health, Inc.
("OPKO") (NYSE: OPK).
(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )
Click here to learn more about the investigation
http://zlk.9nl.com/prolor-biotech-pbth/, or call: 877-363-5972. There is no
cost or obligation to you.
Under the terms of the transaction, PROLOR shareholders may elect to receive
0.9951 shares of OPKO for each share of PROLOR they own, representing a value
of approximately $7.025 per share. The transaction has a total approximate
value of $480 million. The investigation concerns whether the PROLOR Board of
Directors breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the transaction, and
whether OPKO is underpaying for PROLOR stock, thus unlawfully harming PROLOR
stockholders. In particular, at least one analyst set a price target for
PROLOR stock at $12.00 per share.
If you own common stock in PROLOR and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at email@example.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. The attorneys at Levi &
Korsinsky have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities lawsuits
and have successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP
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