Attention HITK Shareholders: The Proposed Buyout of Hi-Tech Pharmacal Co., Inc. by Akorn, Inc. under
Attention HITK Shareholders: The Proposed Buyout of Hi-Tech Pharmacal Co., Inc. by Akorn, Inc. under Investigation by The Young Law Firm
PHOENIXVILLE, Pa.--(BUSINESS WIRE)-- The Young Law Firm, a leading national shareholder litigation firm, is investigating possible claims concerning the proposed acquisition of Hi-Tech Pharmacal Co., Inc. by Akorn, Inc. The investigation concerns whether the directors of Hi-Tech Pharmacal have obtained fair value for the sale of the Company and have fulfilled their fiduciary duties to the Company's shareholders in connection with the proposed sale.
Pursuant to the terms of the proposed transaction, shareholders of Hi-Tech Pharmacal Co., Inc. (Nasdaq: HITK) will receive $43.50 per share in cash. The transaction is valued at approximately $640 million.
Individual shareholders have rights. The Young Law Firm is seeking active and engaged shareholders interested in ensuring that their rights are being protected. If you own shares of the Company and would like to learn more about the buyout of Hi-Tech Pharmacal, or have information about the proposed transaction, please contact:
Henry Young Esq.
The Young Law Firm
Toll Free: (888) 452-7252
Henry Young Esq., the Firm's founder, has over 10 years of experience litigating complex shareholder class action lawsuits, including cases resulting in the recovery of millions of dollars for shareholders. The Firm routinely works with and refers cases to other leading law firms around the country to enforce shareholder rights. For more information about the Firm and class action cases in general, please visit our website: www.theyounglf.com.
This press release may be considered attorney advertising. Past results do not guarantee future performance.
KEYWORDS: United States North America Pennsylvania
The article Attention HITK Shareholders: The Proposed Buyout of Hi-Tech Pharmacal Co., Inc. by Akorn, Inc. under Investigation by The Young Law Firm originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.