The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Martek...
December 21 2010 - 4:50PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Martek Biosciences Corporation (NasdaqGS: MATK) for
possible breaches of fiduciary duty and other violations of state
law in connection with their attempt to sell the Company to Royal
DSM N.V. (NYSE: DSM). Under the terms of the transaction, Martek
stockholders will receive $31.50 in cash per share for a total
transaction value of approximately $1.09 billion.
The investigation concerns whether the Martek Board of Directors
breached their fiduciary duties to Martek stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Royal DSM is underpaying for Martek
shares.
If you own common stock in Martek and wish to obtain additional
information, please contact Abe Shainberg, Esq. either via email at
as@ashainberglaw.com or by telephone at (212) 425-7286, or visit
http://www.ashainberglaw.com/martek-biosciences.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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