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Follow on Google News | Anadys Pharmaceuticals, Inc. Takeover under Investor InvestigationAn investigation on behalf of investors of Anadys Pharmaceuticals, Inc. in connection with the takeover was announced and NASDAQ-ANDS stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
If you purchased shares of Anadys Pharmaceuticals prior to the announcement and currently hold those shares, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether Anadys Pharmaceuticals Inc, certain of its officers and directors, and/or others breached their fiduciary duties owed Anadys Pharmaceuticals, Inc. (ANDS) investors in connection with the proposed acquisition. On Monday, Oct. 17, 2011, Anadys Pharmaceuticals, Inc. announced that it has entered into an merger agreement to be acquired by Roche (SIX:RO, ROG; OTCQX- RHHBY). Under the terms of the proposed transaction, Roche will commence an all cash tender offer for all outstanding shares of common stock of Anadys Pharmaceuticals, Inc. at USD 3.70 per share. Anadys Pharmaceuticals, Inc said the $3.70 offer represents a 256% premium over the closing price of USD 1.04 on October 14, 2011. Following the takeover news NASDAQ- ANDS shares jumped on Monday to $3.66 per share. However, at least one analyst has set the high target price for NASDAQ- ANDS shares at $4 per share. Therefore, the investigation concerns whether the Anadys Pharmaceuticals Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to NASDAQ-ANDS shareholders by failing to adequately shop the Company before entering into this transaction. Furthermore the investigation concerns on whether Roche would underpay for NASDAQ-ANDS shares, thus unlawfully harming Anadys Pharmaceuticals stockholders. A potential securities class action lawsuit would seek to maximize the amount of money and information NASDAQ-ANDS shareholders would receive in a buyout, so the law firm. Those who are current investors in Anadys Pharmaceuticals, Inc. (Public, NASDAQ- ANDS) and purchased your NASDAQ ANDS shares prior to the announcement, and/or those who have any information relating the investigation, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554. # # # The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon. End
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