Faruqi & Faruqi, LLP Announces the Investigation of Nanosphere, Inc. (NSPH) Over the Proposed Sale of the Company to Luminex Corporation
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 Nanosphere, Inc. (“Nanosphere” or the “Company”) (NASDAQ:NSPH) for potential breaches of fiduciary duties in connection with the sale of the Company to Luminex Corporation for approximately $58 million in an all-cash transaction.
The Company’s stockholders will only receive $1.35 for each share of Company common stock they own. However, this consideration is below at least one analyst’s price target of $1.65 per share and Nanosphere’s 52-week high of $3.90 per share.
If you own common stock in Nanosphere and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan 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
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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