Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Trius Therapeutics, Inc. Over the Proposed Sale of the Company to Cubist Pharmaceuticals, Inc.
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 Trius Therapeutics (“Trius” or the “Company”) (NASDAQ GM: TSRX) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Cubist Pharmaceuticals, Inc. (NASDAQ GS: CBST) in a deal valued at approximately $818 million. Under the terms of the proposed transaction, Trius’s stockholders will receive $13.50 for each share of Trius common stock they own. In addition to the cash consideration, Trius shareholders will receive a Contingent Value Right (CVR) worth an additional $2 per share in cash that is not publicly traded-able. According to Yahoo! Finance, at least one financial analyst has set a price target of $20.00 per share for Trius.
The investigation focuses on whether Trius’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 Trius’s shareholders.
If you own common stock in Trius and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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