NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Covance Inc. (“Covance” or “the Company”) (NYSE: CVD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Laboratory Corp. of America Holdings (“LabCorp”) (NYSE: LH).
Click here to learn more about the investigation: http://zlk.9nl.com/covance-cvd.
Under the terms of the transaction, Covance shareholders will receive 0.2686 shares of LabCorp stock and $75.76 in cash for each share of Covance stock they own. The investigation concerns whether the Board of Covance breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether LabCorp is underpaying for Covance shares.
If you own Covance common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/covance-cvd.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.