BALA CYNWYD, Pa., June 13, 2014 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Idenix
Pharmaceuticals, Inc. ("Idenix" or the "Company") (Nasdaq: IDIX)
relating to the proposed acquisition by Merck & Co., Inc.
("Merck").
Click here to learn more about the investigation
http://brodsky-smith.com/766-idix-idenix-pharmaceuticals-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Idenix shareholders will
receive only $24.50 in cash for each
share of Idenix stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of Idenix for not acting in the Company's
shareholders' best interests in connection with the sale
process.
Further, the investigation seeks to determine if the transaction
undervalues Idenix given that is has been reported that Merck may
need Idenix's drug Samatasvir and two of the Company's
clinical-stage drugs to combine with its own oral hepatitis C
compounds. In addition, Idenix claims that Gilead is infringing on
one of its key patents which, if successful, could lead to a large
upfront payment or even a steady royalty payment.
If you own shares of Idenix common stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/766-idix-idenix-pharmaceuticals-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Law Office of Brodsky & Smith, LLC