Faruqi & Faruqi, LLP Announces Investigation of Anadys Pharmaceuticals, Inc.
October 19 2011 - 6:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Anadys Pharmaceuticals, Inc. (“Anadys” or the
“Company”) (NASDAQ: ANDS) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Roche Holding AG (VTX: ROG.VX) in an all-cash deal
valued at about $230 million. Under the terms of the proposed
transaction, Anadys stockholders will receive $3.70 in cash for
each share of Anadys common stock they own, while according to
Yahoo! Finance, at least one financial analyst has set a price
target of $4.00 for Anadys. The proposed transaction is structured
as a tender offer and may be effectuated without a shareholder
vote.
Request more information now by clicking here:
www.faruqilaw.com/ANDS
Whether Anadys’ Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues Anadys’
shares and by how much this proposed transaction undervalues the
Company to the detriment of Anadys’ shareholders are the key focus
of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Anadys and wish to obtain additional
information, please visit us at www.faruqilaw.com/ANDS or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York,
NY 10017 Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292 Phone: (212) 983-9330
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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