DETROIT, Dec. 23, 2010 /PRNewswire-FirstCall/ -- As previously disclosed, Sun Pharmaceutical Industries Limited and Sun Pharma Global, Inc. (collectively, "Sun Pharma"), which own 75.8% of Caraco Pharmaceutical Laboratories, Ltd. (NYSE Amex: CPD) common stock, have proposed (the "Proposal") a "going private" transaction by which Sun Pharma would acquire all of the outstanding shares of Caraco common stock not held by Sun Pharma for a per share consideration of $4.75 cash. At a special meeting of the Caraco Board of Directors on December 7, 2010, the Independent Committee of the Board was authorized to retain an independent financial advisor, independent legal counsel, and such other professionals it deems reasonable and advisable to assist it in carrying out its responsibilities in evaluating and responding to the Proposal. As such, the Independent Committee of the Board has retained William Blair & Company as its independent financial advisor and Carrington Coleman as its independent legal counsel.
William Blair & Company, L.L.C. is a global investment firm offering investment banking, asset management, equity research, institutional and private brokerage, and private capital to individual, institutional, and issuing clients. William Blair & Company's global investment banking group provides public and private corporations with comprehensive capital formation and advisory services, including underwriting for public equity and equity-linked offerings, corporate debt advisory and placement services, mergers and acquisitions advice, special situations and restructuring advice, and private placement services. The firm has offices in Boston, Chicago, London, New York, San Francisco, and Shanghai.
Carrington Coleman is a Dallas law firm serving corporations and individuals who need the highest level of legal expertise. Carrington Coleman serves clients in all are
|SOURCE Caraco Pharmaceutical Laboratories, Ltd.|
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