RECEPTOS SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Receptos, Inc. (RCPT) Over the Proposed Sale of the Company to Celgene Corporation

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Receptos, Inc.

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Faruqi & Faruqi, LLP

Jul 15, 2015, 10:37 ET

NEW YORK, July 15, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Receptos, Inc. ("Receptos" or the "Company") (NASDAQ: RCPT) for potential breaches of fiduciary duties in connection with the sale of the Company to Celgene Corporation for approximately $7.3 billion in a cash deal.

The Company's stockholders will only receive $232 for each share of Company common stock they own. However, the offer has a negligible premium for a stock that has at least one analyst target price of $348 per share and a mean target price of $223.50 per share. Furthermore, the Company's share price is expected to continue climbing.

Click here for more information: www.faruqilaw.com/RCPT. There is no cost or obligation to you.

The investigation focuses on whether Receptos' Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Receptos' shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Receptos and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/RCPT or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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