SAN DIEGO, March 2, 2020 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Forty Seven, Inc. [NASDAQ: FTSV]
("Forty Seven") breached their fiduciary duties in connection with
the proposed sale of the Company to Gilead Sciences, Inc. (Nasdaq:
GILD).
On March 2, 2020, Forty Seven
announced that it had signed a definitive merger agreement with
Gilead Sciences. Under the terms of the deal, Forty Seven
stockholders will receive $95.50 in
cash.
The investigation concerns whether the Forty Seven board failed
to satisfy its duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Forty Seven shares of common stock.
If you are a shareholder of Forty
Seven and believe the proposed buyout price is too low
or you're interested in learning more about the investigation,
please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If
emailing, please include a phone number.
Additionally, you can [Click here to join this
action]. There is no cost or obligation to
you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP