Micromet Inc. (NASDAQ:MITI) Takeover under Investor Investigation

PRLog (Press Release) - Jan. 29, 2012 - The announcement by Amgen that it intends to will acquire Micromet for $11 per share prompted an investigation for investors in Micromet Inc. (NASDAQ:MITI) shares concerning whether the offer to acquire Micromet and the buyout process are unfair to investors in NASDAQ:MITI shares.

Investors who purchased shares of Micromet Inc. (NASDAQ:MITI) prior to Jan. 26, 2012, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigations by law firms concern whether Micromet Inc, certain officers and directors, and/or others breached their fiduciary duties to Micromet (NASDAQ: MITI) investors in connection with the proposed acquisition.

On Jan. 26, 2012, Amgen (NASDAQ:AMGN) and Micromet, Inc. (NASDAQ:MITI) announced that the companies have entered into a merger agreement under which Amgen will acquire Micromet for $11 per share in cash or a transaction, which values Micromet at approximately $1.16 billion.


However, at least on analyst has set the high target price for NASDAQ:MITI shares at $12 per share, thus above the current offer.

Therefore the investigation for NASDAQ:MITI investors concerns whether the Micromet Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to Micromet Inc. (NASDAQ:MITI) shareholders by failing to adequately shop the Company before entering into this transaction. The investigation also focuses on whether offer by Amgen undervalues NASDAQ:MITI shares. A potential securities class action lawsuit would seek to maximize the amount of money and information Micromet (MITI) shareholders would receive in a buyout, so the law firm.

Those who are current investors in Micromet Inc. (NASDAQ:MITI) and purchased your NASDAQ:MITI shares prior to the announcement, 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, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. 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.

Photo:
http://www.prlog.org/11784261/1