IDENIX PHARMACEUTICALS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

By Business Wire,  June 09, 2014, 01:28:00 PM EDT


WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:

  • Do you own shares of Idenix Pharmaceuticals, Inc. (NASDAQ GS: IDIX)?
  • Did you purchase any of your shares prior to June 9, 2014?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Idenix Pharmaceuticals, Inc. ("Idenix" or the "Company") (NASDAQ GS: IDIX) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Merck & Co., Inc. ("Merck") (NYSE: MRK), in a transaction valued at approximately $3.85 billion.

Click here to learn more: http://www.rigrodskylong.com/investigations/idenix-pharmaceuticals-inc-idix.

Under the terms of the agreement, public shareholders of Idenix would receive $24.50 in cash for each share of Idenix they own.

The investigation concerns whether Idenix's board of directors failed to adequately shop the Company and obtain the best possible value for Idenix's shareholders before entering into an agreement with Merck.

If you own the common stock of Idenix and purchased your shares before June 9, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/idenix-pharmaceuticals-inc-idix.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Source: Rigrodsky & Long, P.A.



This article appears in: News Headlines

Referenced Stocks: IDIX, MRK


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