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Cornerstone Therapeutics Inc. Message Board

  • nycwest nycwest Feb 20, 2013 1:30 PM Flag


    NEW YORK, Feb. 20, 2013 /PRNewswire/ -- Tripp Levy PLLC, the leading securities and shareholder rights law firm, is investigating the Board of Directors of Cornerstone Therapeutics, Inc. ("Cornerstone" or the "Company") (CRTX) for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from Chiesi Farmaceutici SpA ("Chiesi"). Chiesi owns approximately 60% of the outstanding shares of the Company's common stock.

    Under the terms of the proposed transaction, Cornerstone shareholders would receive between $6.40 and $6.70 for each share of Cornerstone stock they own. The investigation concerns, among other things, whether the proposed consideration to be paid to Cornerstone shareholders is unfair, inadequate, and substantially below the fair or inherent value of Cornerstone stock. In particular, at least one analyst set a price target for Cornerstone stock at $14.00 per share.

    If you own common stock in Cornerstone and wish to obtain additional information about joining with other shareholders who are seeking a higher price for their shares, at no cost or obligation, please call us toll free at 1-877-772-3975 or email at contact @ tripplevy

    Tripp Levy has recovered hundreds of millions for shareholders around the globe in similar actions.

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    • Chiesi came up with a price about trading over the 50 day moving average. Really? When the stock was trading over $8.00 & $9.00 a within the last two years, why didn't they do it then. Oh! They wait for it to get unreasonably hit on the low salt rejection, but ignore the price when it was higher. They should be investigated even if the board (and it better reject it) doesn't agree for trying to steal the shares.

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