Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Bio-Reference Laboratories, Inc.
NEW YORK, NY / ACCESSWIRE / June 15, 2015 / Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Bio-Reference Laboratories, Inc. ("Bio-Reference' or the "Company") (NasdaqGS: BRLI) for potential breaches of fiduciary duties in connection with the sale of the Company to OPKO HEALTH, INC. The Company’s stockholders will only receive 2.75 shares of OPKO common stock for each share of Bio-Reference common stock they own. Based on a closing price of $19.12 per share of OPKO common stock on June 3, 2015, the transaction is valued at approximately $52.58 per share of Bio-Reference common stock.
Bio-Reference shareholders will be subject to the future price fluctuation of OPKO’s stock price.
Click here for more information: www.faruqilaw.com/BRLI. There is no cost or obligation to you.
The investigation focuses on whether Bio-Reference’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Bio-Reference’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Bio-Reference and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/BRLI or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
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Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
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Phone: (212) 983-9330
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SOURCE: Faruqi & Faruqi, LLP
