U.S. Markets closed

The Law Offices of Vincent Wong Notifies Investors of an Investigation into Possible Breaches of Fiduciary Duty by the Board of PharMerica Corporation in Connection with the Sale of the Company to KR and Walgreens Boots Alliance, Inc.


The Law Offices of Vincent Wong are investigating the Board of Directors of PharMerica Corporation (PMC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a newly formed company controlled by KKR, with minority investor Walgreens Boots Alliance, Inc. Under the terms of the deal, PharMerica shareholders will receive $29.25 in cash for each share of PharMerica stock they own.

The investigation concerns whether the PharMerica Board of Directors breached their fiduciary duties to PharMerica stockholders by failing to adequately shop the Company before entering into this transaction and whether KKR and Walgreens Boots Alliance, Inc. is underpaying for PharMerica shares, thus unlawfully harming PharMerica stockholders.

If you own common stock in PharMerica and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/PMC-Info-Request-Form-1667.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170802006369/en/