INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Prosensa Holding N.V. (RNA) Over the Proposed Sale of the Company to BioMarin Pharmaceutical 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 Prosensa Holding N.V. (“Prosensa” or the “Company”) (NasdaqGS: RNA) for potential breaches of fiduciary duties in connection with their conduct related to the proposed sale of the Company to BioMarin Pharmaceutical Inc.in a cash deal valued at approximately $840 million. Under the terms of the proposed transaction, Prosensa’s stockholders will only receive $17.75 for each share of Prosensa common stock they own. According to Yahoo! Finance, at least one analyst has set a price target of $20.10 for the Company.
The investigation focuses on whether Prosensa’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 Prosensa’s shareholders.
If you own common stock in Prosensa 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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Faruqi & Faruqi, LLP
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