NEW YORK, May 2, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of SteadyMed Ltd.
("STDY" or the "Company") (NASDAQ: STDY) in connection with the
proposed acquisition of the Company by United Therapeutics
Corporation. Under the terms of the acquisition agreement
STDY shareholders will receive $4.46
per share, and an additional $2.63
per share upon the achievement of a milestone related to the
commercialization of STDY's Trevyent for each share they
own.
WeissLaw is investigating whether STDY's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of
$15.00 per share.
Given these facts, WeissLaw is investigating whether STDY's
Board acted in the best interests of STDY's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own STDY shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/steadymed-ltd/
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SOURCE WeissLaw LLP