The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of BMP Su...
02 November 2010 - 12:21AM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of BMP Sunstone Corporation (“BMP Sunstone” or the
“Company”) (NasdaqGM: BJGP) for possible breaches of fiduciary duty
and other violations of state law in connection with their attempt
to sell the Company to Sanofi-Aventis S.A. (“Sanofi-Aventis”)
(NYSE: SNY). Under the terms of the proposed deal, BMP Sunstone
shareholders will receive $10.00 in cash for each share of BMP
Sunstone common stock they own for a total transaction value of
approximately $520.6 million. BMP Sunstone's board of directors has
unanimously approved the transaction.
The investigation concerns whether the BMP Sunstone Board of
Directors breached their fiduciary duties to BMP Sunstone
stockholders by failing to adequately shop the Company before
entering into this transaction and whether EQI Acquisition is
underpaying for BMP Sunstone shares.
If you own common stock in BMP Sunstone and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/bmpsunstone-bjgp.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide.
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