The Law Office of Joseph Klein is Investigating into the Possible Breaches of Fiduciary Duty by the Board of BMP Sunstone Cor...
12 November 2010 - 6:45PM
Business Wire
The Law Office of Joseph Klein 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 deal, BMP Sunstone shareholders
will receive $10.00 in cash per share 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 Joseph Klein, Esq. directly,
via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005,
Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/bmpsunstone-bjgp.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation.
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