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SHAREHOLDER ALERT: Law Firm Brower Piven Announces That a Class Action Lawsuit Has Been Filed in Connection With the Astex Pharmaceuticals, Inc. Proposed Buyout Alleging That the Directors of Astex Pharmaceuticals, Inc. Have Breached Their Fiduciary Duties

STEVENSON, Md., Sept. 16, 2013 (GLOBE NEWSWIRE) -- The securities litigation firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been filed in the Delaware Chancery Court on behalf of all stockholders of Astex Pharmaceuticals, Inc. ("Astex" or the "Company") (Nasdaq:ASTX) common stock.

According to the complaint, the proposed buyout provides for Astex shareholders to receive $8.50 per share in cash for each share of Astex common stock they own. The lawsuit alleges that the members of the Astex Board of Directors have breached their fiduciary duties to shareholders by agreeing to the proposed buyout for inadequate consideration.

If you currently own common stock of Astex and would like to learn more about the claims being asserted and your rights, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

CONTACT: Brower Piven, A Professional Corporation Stevenson, Maryland Charles J. Piven, (410) 415-6616 hoffman@browerpiven.comSource: Brower Piven, A Professional Corporation