An investigation on behalf of investors of Questcor Pharmaceuticals Inc (NASDAQ:QCOR) in connection with the proposed takeover was announced and NASDAQ:QCOR stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 05/06/2014 --An investigation on behalf of investors, who currently hold shares of Questcor Pharmaceuticals Inc (NASDAQ:QCOR) shares, was announced concerning whether the takeover of Questcor Pharmaceuticals Inc by Mallinckrodt plc for a value of approximately $86.10 per share is unfair to NASDAQ:QCOR stockholders.

Investors who purchased shares of Questcor Pharmaceuticals Inc (NASDAQ:QCOR) and currently hold any of those NASDAQ:QCOR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Questcor Pharmaceuticals Inc breached their fiduciary duties owed to NASDAQ:QCOR investors in connection with the proposed acquisition.

On April 7, 2014, Mallinckrodt plc and Questcor Pharmaceuticals Inc
announced that they have entered into a merger agreement under which Mallinckrodt will acquire Questcor Pharmaceuticals Inc in a transaction valued at approximately $5.6 billion.

Under the terms of the proposed transaction, Questcor Pharmaceuticals Inc shareholders will receive $30.00 per share in cash and 0.897 Mallinckrodt shares for each share of Questcor common stock they own, for a total approximate consideration of $86.10 per Questcor Pharmaceuticals In share.

However, given that at least one analyst has set the high target price for NASDAQ:QCOR shares at $99 per share, respectively the median target price was set at $90.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:QCOR stockholders. More specifically, the investigation concerns whether the Questcor Pharmaceuticals 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.

In addition, the financial performance of Questcor Pharmaceuticals Inc improved recently. For instance, Questcor Pharmaceuticals Inc reported that its annual Total Revenue rose from $115.13 million in 2010 to $798.93 million in 2013 and that its Net Income increased from $35.07 million in 2010 to $292.61 million in 2013. Shares of Questcor Pharmaceuticals Inc (NASDAQ:QCOR) grew from $4.44 per share in February 2010 to as high as $79.46 per share in February 2014.

On May 2, 2014, NASDAQ:QCOR shares closed at $83.05 per share.

Those who are current investors in Questcor Pharmaceuticals Inc (NASDAQ:QCOR) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com