NEW YORK, May 5, 2020 /PRNewswire/ -- Moore Kuehn, PLLC, a
law firm focusing in securities litigation located on Wall Street
in downtown New York City, is
investigating potential claims concerning whether the following
proposed mergers are fair to shareholders. Moore Kuehn may
ultimately seek increased consideration, additional disclosures, or
other relief and benefits on behalf of the shareholders of
these companies:
- resTORbio, Inc. (NASDAQ: TORC)
resTORbio has signed an agreement to merge with Adicent Bio.
Upon completion of the merger, resTORbio stockholders will own only
25% of the combined company. The investigation concerns
whether resTORbio's board of directors oversaw an unfair process
and ultimately agreed to an inadequate deal price.
- Stemline Therapeutics, Inc.
(NASDAQ: STML)
Stemline has agreed to be acquired by Berlin-Chemie. Under
the proposed transaction, shareholders of Stemline will receive
$11.50 and one contingent value right
for every share owned.
- KLX Energy Services (NASDAQ: KLXE)
KLX Energy has agreed to be acquired by Quintana Energy
Services. Under the proposed transaction, shareholders of KLX
will receive 0.4884 shares of Quintana for every share of KLX
owned.
- Portola Pharmaceuticals, Inc. (NASDAQ:
PTLA)
Portola Pharmaceuticals has agreed to be acquired by
Alexion. Under the proposed transaction, shareholders of
Portola will receive $18.00 for every
share owned.
Moore Kuehn is investigating whether the Boards of the
above companies 1) acted to maximize shareholder value, 2) failed
to disclose material information, and 3) conducted a fair
process.
Moore Kuehn encourages shareholders who would like to discuss
their rights to contact Justin Kuehn,
Esq. by email at jkuehn@moorekuehn.com or telephone at (212)
709-8245. The consultation and case are free with no
obligation to you. Moore Kuehn handles and pays for all costs
associated with the case and does not charge its investor
clients. Shareholders should contact the firm immediately as
there may be limited time to enforce your
rights.
Moore Kuehn is a 5-star Google rated New York City-based law firm with attorneys
representing investors and consumers in class action litigation
involving securities law violations, financial fraud, breaches of
fiduciary duties, and other claims. For additional
information about Moore Kuehn, please go to
http://www.moorekuehn.com/practice/new-york-securities-litigation/.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
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SOURCE Moore Kuehn, PLLC
