PRLog - April 25, 2011 - SAN DIMAS, Calif. -- After a media report said that Exelixis, Inc. hired Goldman Sachs Group Inc to prepare for potential takeover offers an investigation on behalf of investors Exelixis, Inc. (NASDAQ:EXEL)
If you are a current investor in Exelixis, Inc. (NASDAQ: EXEL) shares, and/or have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether Exelixis, Inc. and certain of its officers and directors or others will breach or breached their fiduciary duties owed to Exelixis, Inc. (NASDAQ:EXEL)
Shares of Exelixis, Inc. (NASDAQ EXEL) from as low as $2.40 in 2008 to $8 in 2009 and from as low as $2.88 in August 2010 to over $11 during March 2011.
Then on April 11, 2011 a media report cited unnamed people with knowledge of the matter that Exelixis hired Goldman Sachs to prepare for potential takeover offers after its experimental drug helped prostate-cancer patients in a study.
However, given that Exelixis, Inc. has performed well for its investors in the past, the investigation by a law firm questions whether a potential sale process and the potential price would be unfair to the shareholders of Exelixis, Inc. (NASDAQ:EXEL)
The investigation focuses whether the Exelixis board of directors will undertake an adequate and fair sales process to obtain fair consideration for all shareholders of Exelixis, Inc. (NASDAQ:EXEL)
Those who are current investors in Exelixis, Inc. (Public, NASDAQ:EXEL)
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