NEW YORK, March 17, 2020 /PRNewswire/ -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Forty Seven, Inc. (NASDAQ: FTSV) breached their fiduciary duties or violated the federal securities laws in connection with the company's proposed merger with Gilead Sciences, Inc.
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On March 2, 2020 Forty Seven announced that it had signed an agreement to merge with Gilead Sciences. Per the merger agreement Forty Seven stockholders will receive $95.50 in cash for each share of Forty Seven common stock owned.
On March 10, 2020, Gilead Sciences commenced a tender offer to acquire all outstanding shares of Forty Seven common stock. The deal is scheduled to close shortly after the completion of the tender offer.
Bragar Eagel & Squire is concerned that Forty Seven's board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Forty Seven stockholders.
If you own shares of Forty Seven and are concerned about the proposed merger, or you're interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at email@example.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE Bragar Eagel & Squire, P.C.