Rigrodsky & Long, P.A. Investigates Caraco Pharmaceutical Laboratories, Ltd. Buyout Proposal

  • Do you own Caraco Pharmaceutical Laboratories, Ltd. common stock?
  • Did you purchase your shares prior to December 3, 2010?
  • Do you feel the buyout proposal is unfair?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Caraco Pharmaceutical Laboratories, Ltd. concerning the Company’s receipt of a proposal from Sun Pharmaceutical Industries Ltd. (“Sun”) and Sun Pharma Global, Inc.  to acquire the remainder of the Company Sun and Sun Global do not already own in a transaction valued at approximately $188 million.

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Rigrodsky & Long, P.A. Investigates Caraco Pharmaceutical Laboratories, Ltd. Buyout Proposal

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Caraco Pharmaceutical Laboratories, Ltd. (“Caraco” or the “Company”) (NYSE Amex: CPD) concerning the Company’s receipt of a proposal from Sun Pharmaceutical Industries Ltd. (“Sun”) and Sun Pharma Global, Inc. (“Sun Global”) to acquire the remainder of the Company Sun and Sun Global do not already own in a transaction valued at approximately $188 million (the “Proposal”).

The investigation concerns whether Caraco’s board of directors is adequately shopping the Company and working to obtain the best price possible for Caraco’s shareholders. The Proposal contemplates the acquisition of all of the outstanding shares of common stock of Caraco not currently owned by Sun and Sun Global for $4.75 per share in cash. Sun and Sun Global already own approximately 75.8% of the Company’s outstanding shares.

If you own the common stock of Caraco and purchased your shares before December 3, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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