Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of BMP Sunstone Corp. in Connection with the...
29 Octobre 2010 - 2:45AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
BMP Sunstone Corporation (“BMP Sunstone” or the “Company”)
(Nasdaq:BJGP) related to the Company’s agreement to be acquired by
Sanofi-aventis. The proposed transaction is valued at approximately
$520 million.
Under the terms of the definitive agreement entered into by the
parties, Sanofi-aventis will acquire all of the outstanding shares
of BMP Sunstone for $10.00 per share in cash. The acquisition is to
be structured as a merger of BMP Sunstone and a wholly-owned
subsidiary of sanofi-aventis. Stockholders controlling 23% of BMP
Sunstone's shares on a fully diluted basis have committed to vote
in favor of the transaction. BMP Sunstone's board of directors has
unanimously approved the transaction. The investigation concerns
possible breaches of fiduciary duty and other violations of law
related to approval of the proposed transaction by BMP Sunstone’s
board of directors.
If you are a shareholder of BMP Sunstone, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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