SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Cubist Pharmaceuticals, Inc. And Encourag...
December 12 2014 - 4:07PM
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 Cubist Pharmaceuticals, Inc.
(“Cubist” or the “Company”) (Nasdaq: CBST) relating to the proposed
buyout of the Company by Merck & Co., Inc. (“Merck”).
On December 8, 2014, Cubist and Merck announced the signing of a
definitive agreement pursuant to which Merck will acquire Cubist in
a transaction valued at approximately $9.5 billion. Under the terms
of the transaction, Cubist shareholders are expected to receive
$102.00 in cash for each share of Cubist common stock they own. The
transaction is expected to close in the first quarter of 2015,
though Cubist 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.
If you currently own common stock of Cubist 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