Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Omthera Pharmaceuticals, Inc. (OMTH) Over the Proposed Sale of the Company to AstraZeneca Plc (AZN)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Omthera Pharmaceuticals, Inc. (“Omthera” or the “Company”) (NasdaqGM: OMTH) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to AstraZeneca Plc (NYSE: AZN) in a deal valued at approximately $443 million. Under the terms of the proposed transaction, Omthera’s stockholders will receive $12.70 in cash for each share of Omthera stock they own. In addition, Omthera shareholders will receive approximately $4.70 in contingent value rights if certain benchmarks are met.
The investigation focuses on whether Omthera’s 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 and by how much this proposed transaction undervalues the Company to the detriment of Omthera’s shareholders.
If you own common stock in Omthera and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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