The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
28 Ottobre 2010 - 9:58PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
BMP Sunstone Corporation (“BMP Sunstone” or the “Company”)
(NasdaqGM: BJGP) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to Sanofi-Aventis S.A. (“Sanofi-Aventis”) (NYSE: SNY).
Under the terms of the transaction, BMP Sunstone shareholders will
receive $10.00 in cash for each share of BMP Sunstone common stock
they own for a total transaction value of approximately $520.6
million. BMP Sunstone's board of directors has unanimously approved
the transaction.
Click here to learn how to join the action:
http://www.zlk.com/bmpsunstone-bjgp.html, or call:
877-363-5972.
The investigation concerns whether the BMP Sunstone Board of
Directors breached their fiduciary duties to BMP Sunstone
stockholders by failing to adequately shop the Company before
entering into this transaction and whether EQI Acquisition is
underpaying for BMP Sunstone shares, thus unlawfully harming BMP
Sunstone stockholders.
If you own common stock in BMP Sunstone and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/bmpsunstone-bjgp.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. For more information, please feel free to contact any
of the attorneys listed below.
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