Robbins Umeda LLP Announces an Investigation of the Acquisition of BioForm Medical, Inc. by Merz Pharma Group
January 04 2010 - 3:05PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors of BioForm Medical, Inc.
("BioForm") (NASDAQ: BFRM) in connection with their actions in
causing BioForm to enter into a definitive merger agreement with
Merz Pharma Group ("Merz"), a privately-held company based in
Frankfurt, Germany. Under the terms of the merger agreement,
BioForm shareholders will receive $5.45 per share in cash for each
share of BioForm they own. Upon completion of the merger, BioForm
will become a private company, as a wholly-owned subsidiary of
Merz. The deal is expected to close in the first quarter of
2010.
Robbins Umeda LLP's investigation concerns whether BioForm's
Board of Directors' acceptance and recommendation of the offer is
fair and designed to secure the best possible price for all BioForm
shareholders.
If you are a shareholder of BioForm and would like more
information about your rights as a shareholder, please contact
attorney Lauren Levi at 800-350-6003 or by e-mail at
llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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