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Chancery Won't End Astex Buyout Case, Citing Lack Of Notice

By Linda Chiem ( August 26, 2014, 7:08 PM EDT) -- A Delaware Chancery Court judge declined Monday to close a consolidated shareholder class action challenging Astex Pharmaceuticals Inc. 's planned $886 million buyout by Japanese drugmaker Otsuka Holdings Co. Ltd. , saying the parties failed to notify remaining class members that the plaintiffs dropped the case and were divvying up attorneys' fees. . . .

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