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If you purchased shares of Alere Inc (NYSE:ALR) and currently hold any of those NYSE:ALR shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
September 23, 2014 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Alere Inc (NYSE:ALR), was announced concerning whether the takeover of Alere Inc at $46.00 per share is unfair to NYSE:ALR stockholders.
The investigation by a law firm concerns whether certain officers and directors of Alere Inc breached their fiduciary duties owed to NYSE:ALR investors in connection with the proposed acquisition.
A group of executives led by Aleres former CEO Ron Zwanziger has offered to purchase Alere Inc for $46.00 per share. The offer represents a total approximate value of $3.82 billion.
However, the investigation concerns whether the offer is unfair to NYSE:ALR stockholders. More specifically, the investigation concerns whether the Alere Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Alere Inc reported that its annual Total Revenue rose from over $1.5 billion in 2010 to over $3.02 billion in 2013 and that its respective Net Loss declined from over $1.1 billion to $71.25 million. Shares of Alere Inc (NYSE:ALR) grew from $17.68 per share in November 2012 to as high as $40 per share in August 2014.
