An investigation on behalf of investors of Alere Inc (NYSE:ALR) in connection with the proposed takeover was announced and NYSE:ALR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/26/2014 -- An investigation on behalf of investors, who currently hold shares of Alere Inc (NYSE:ALR), was announced concerning whether the takeover of Alere Inc at $46.00 per share is unfair to NYSE:ALR stockholders.
Investors who purchased shares of Alere Inc (NYSE:ALR) and currently hold any of those (NYSE:ALR shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Alere Inc breached their fiduciary duties owed to NYSE:ALR investors in connection with the proposed acquisition.
A group of executives led by Alere’s former CEO Ron Zwanziger has offered to purchase Alere Inc for $46.00 per share. The offer represents a total approximate value of $3.82 billion.
However, the investigation concerns whether the offer is unfair to NYSE:ALR stockholders. More specifically, the investigation concerns whether the Alere Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Alere Inc reported that its annual Total Revenue rose from over $1.5 billion in 2010 to over $3.02 billion in 2013 and that its respective Net Loss declined from over $1.1 billion to $71.25 million. Shares of Alere Inc (NYSE:ALR) grew from $17.68 per share in November 2012 to as high as $40 per share in August 2014.
Those who are current investors in Alere Inc (NYSE:ALR) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego