Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of BMP Sunstone Corporation - BJGP
28 Ottobre 2010 - 10:20PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of BMP Sunstone Corporation (“BMP Sunstone” or the
“Company”) (NASDAQ: BJGP) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Sanofi-Aventis (NYSE: SNY). The proposed transaction
offers BMP Sunstone shareholders to only receive $10.00 in cash for
each BMP Sunstone’s share. The transaction values the Company at
approximately $520.6 million on a fully diluted share basis.
Request more information now by clicking here:
www.faruqilaw.com/bjgp
Whether the BMP Sunstone’s Board of Directors breached their
fiduciary duties to BMP Sunstone’s stockholders by failing to
conduct an adequate and fair sales process to sell the Company
prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues BMP Sunstone’s shares and by how
much this proposed transaction undervalues the Company to the
detriment of BMP Sunstone shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in BMP Sunstone and wish to obtain
additional information, please visit us at www.faruqilaw.com/bjgp
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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