VITAE PHARMACEUTICALS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
14 September 2016 - 5:09PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Vitae
Pharmaceuticals, Inc. (NASDAQ GM: VTAE)?
- Did you purchase any of your shares
prior to September 14, 2016?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Vitae
Pharmaceuticals, Inc. (“Vitae” or the “Company”) (NASDAQ GM: VTAE)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Allergan plc (“Allergan”) (NYSE: AGN), in a
transaction valued at approximately $639 million.
Click here to learn more:
http://rigrodskylong.com/investigations/vitae-pharmaceuticals-inc-vtae.
Under the terms of the agreement, shareholders of Vitae will
receive $21.00 in cash for each share of Vitae common stock.
The investigation concerns whether Vitae’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Vitae shareholders before entering into an agreement with
Allergan.
If you own the common stock of Vitae and purchased your shares
before September 14, 2016, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/vitae-pharmaceuticals-inc-vtae.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160914005897/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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