Law Office of Brodsky & Smith, LLC Announces Investigation of BioForm Medical, Inc.
08 Janvier 2010 - 12:24AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
BioForm Medical Inc. (“BioForm” or the “Company”) (Nasdaq:BFRM)
related to the merger agreement with Merz Pharma Group.
Under the terms of the transaction, BioForm stockholders will
receive $5.45 in cash pursuant to a cash tender offer followed by a
second-step merger. The transaction is valued at approximately $253
million. The investigation concerns whether the board breached
their fiduciary duties by agreeing to various deal protections that
may prevent other superior offers. These protections include
restrictions on solicitation of alternative proposals, a top-up
option to acquire additional shares, the board’s agreement to pay a
$8 million termination fee
If you are a BioForm shareholder and wish to discuss the legal
ramifications of the Board’s actions, you may e-mail or call the
law office of Brodsky & Smith, LLC who will, without obligation
or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky
& Smith, LLC, 9595 Wilshire Blvd., Suite 900, Beverly Hills, CA
90212, by e-mail at clients@brodsky-smith.com, or by calling toll
free 877-LEGAL-90.
Bioform Medical (MM) (NASDAQ:BFRM)
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