BUYOUT OF TRIUS - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
Tripp Levy PLLC, a leading national securities and shareholder rights law firmis investigating the Board of Directors of Trius Therapeutics, Inc. (“Trius” or the “Company”) (TSRX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Cubist Pharmaceuticals, Inc. (CBST).
Under the terms of the transaction, Trius shareholders will receive $13.50 in cash for each share of Trius stock they own. Trius shareholders will also be eligible to receive one Contingent Value Right of up to $2.00 per share should certain commercial milestones be met. The investigation concerns whether the Trius Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Cubist Pharmaceuticals, Inc. is underpaying for Trius, thus unlawfully harming Trius shareholders. In particular, at least one analyst set a price target for Trius stock at $20.00 per share.
If you own common stock in Trius and wish to obtain additional information, please contact us at 1-877-772-3975 or email at contact @ tripplevy
Tripp Levy is pulling out all yahoo IDs going after Trius shareholders - kovted, nycwest, and maryjane963369 all are working on behalf of the law firm.
maryjane, you write that it will be difficult for another buyer to surface unless a lawsuit removes the termination fee. Has ANY lawsuit (not just from Tripp-levy, as they are just a referral firm) ever removed a terminination fee from a deal?
chimakot - TSRX would be required to pay CBST $23.3 million if the board were to cancel the deal in favor of a superior agreement.. The fee amount is in-line with what is customary.
Given that 100% of your posts are about Tripp Levy, it seems you're either the luckiest investor on earth to have bought stock in companies that are then bought out, or you're an employee of Tripp Levy. If the latter, it means you're lying about having called the law firm and joined the suit. Do you know what the penalties are for lying on a stock message board? Ask your bosses.
thanks for sharing this....unfortunately with insiders owning almost 30% and voting in favor, along with the termination fee, it is going to be difficult for another buyer to come forward unless this lawsuit is successful in removing these provisions.