SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of NPS Pharmaceuticals, Inc. And Encourages...
16 Enero 2015 - 8:32PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of NPS Pharmaceuticals, Inc. (“NPS”
or the “Company”) (Nasdaq: NPSP) relating to the proposed buyout of
the Company by Shire plc (“Shire”).
On January 11, 2015, NPS and Shire jointly announced the signing
of a merger agreement pursuant to which Shire will acquire NPS in a
transaction valued at approximately $5.2 billion. Under the terms
of the transaction, NPS shareholders are anticipated to receive
$46.00 in cash for each share of NPS common stock held. The
transaction is expected to close in the first quarter of 2015,
though NPS shareholders will most likely be asked to vote on the
transaction well before that time.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock. In particular, according to Yahoo! Finance, at least one
Wall Street analyst has issued a price target for NPS stock at
$48.00 per share.
If you currently own common stock of NPS and would like to learn
more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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