NEW YORK, June 2, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of NPS Pharmaceuticals, Inc. ("NPS Pharmaceuticals" or the "Company") (NPSP) (ISIN:US62936P1030) (CUSIP:62936P103) concerning the proposed acquisition of NPS Pharmaceuticals by Shire Plc.
NPS Pharmaceuticals shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the NPS Pharmaceuticals directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, each share of NPS Pharmaceuticals will be exchanged for $40 in cash. However, the Price to Revenue and Book Value multiples are below comparable transactions' averages, and at least one Analyst set target price of $44 per NPS Pharmaceuticals share.
Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
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