WILMINGTON, Del., Feb. 14, 2014 /PRNewswire/ -- Rigrodsky
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Cadence Pharmaceuticals,
Inc. ("Cadence" or the "Company") (NASDAQ GS: CADX) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
Mallinckrodt plc ("Mallinckrodt") (NYSE: MNK), in a transaction valued
at approximately $1.3 billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/cadence-pharmaceuticals-inc-cadx.
Under the terms of the agreement, public shareholders of Cadence
will receive $14.00 per share in cash
for each share of Cadence they own.
The investigation concerns whether Cadence's board of directors
failed to adequately shop the Company and obtain the best possible
value for Cadence's shareholders before entering into an agreement
with Mallinckrodt. According to Yahoo! Finance, at least one
analyst has issued a price target for Cadence stock at $15.00 per share.
If you own the common stock of Cadence and purchased your shares
before February 11, 2014, 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 or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, Delaware 19803; by
telephone at (888) 969-4242; or by e-mail to info@rl-legal.com, or
at:
http://www.rigrodskylong.com/investigations/cadence-pharmaceuticals-inc-cadx.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.