The Shareholders Foundation announces that an investor, who currently holds shares of Hospira, Inc. (NYSE:HSP), filed a lawsuit in effort to halt the proposed takeover of Hospira, Inc. by Pfizer Inc.
Investors who purchased shares of Hospira, Inc. (NYSE:HSP) and currently hold any of those NYSE:HSP shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:HSP stockholders by agreeing to sell Hospira, Inc. too cheaply via an unfair process to Pfizer Inc.
On February 5, 2015, Pfizer Inc. (NYSE: PFE) and Hospira, Inc. (NYSE: HSP) announced that they have entered into a merger agreement under which Pfizer will acquire Hospira for $90 a share in cash for a total enterprise value of approximately $17 billion.
However, the plaintiff claims that the $90-offer is too low and undervalues Hospira, Inc. In addition, the plaintiff claims that the process is also unfair to NYSE:HSP stockholders
Shares of Hospira, Inc. (NYSE:HSP) closed on February 27, 2015, at $87.54 per share.
Those who are current investors in Hospira, Inc. (NYSE:HSP) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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