Harwood Feffer LLP Announces Investigation of Covance Inc.
Nov 3, 2014
NEW YORK, Nov. 3, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Covance Inc. ("Covance" or the "Company") (NYSE: CVD) concerning the proposed acquisition of the Company by Laboratory Corporation of America Holdings ("LabCorp").
Under the terms of the transaction, LabCorp would acquire Covance in a transaction valued at approximately $6 billion. Covance shareholders are being offered $75.76 in cash and 0.2686 shares of LabCorp, a combined value of approximately $105.12, for each share of Covance held.
Our investigation concerns whether the Covance board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Covance shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Craig Lowther
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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