DUSA Pharmaceuticals INVESTOR ALERT: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Sun Pharma
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pan>)--Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of DUSA Pharmaceuticals, Inc.
(DUSA) (Nasdaq GM: DUSA) to Sun Pharmaceuticals Industries Limited for
shareholders. Under the proposed deal valued at approximately $230
million, DUSA shareholders will only receive $8.00 in cash for each
share of DUSA stock owned, well below at least one analysts estimated
value of $9.50 per share.
“due in part to analysts estimates, we
believe that this transaction may undervalue DUSAs stock. Our proposed
lawsuit will seek to obtain the highest share price for all
shareholders.”
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, contact Patrick Powers at Powers Taylor,
LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com,
or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via
email at WBriscoe@TheBriscoeLawFirm.com.
There is no cost or fee to you.
The DUSA sale investigation centers on whether DUSAs shareholders are
receiving adequate compensation for their shares in the buyout, whether
the transaction undervalues DUSAs stock, and whether DUSAs board
attempted to obtain the highest share price for all shareholders prior
to agreeing to the deal. According to an analyst with Yahoo! Finance,
the true inherent value of DUSA could be as high as $9.50 per share,
well above the proposed price of $8.00. Shareholder rights attorney
Willie Briscoe stated that, due in part to analysts estimates, we
believe that this transaction may undervalue DUSAs stock. Our proposed
lawsuit will seek to obtain the highest share price for all
shareholders.
The
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Powers
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.

Information Source: Business Wire

November 9th, 2012 @ 05:34pm