WeissLaw LLP: The Hyperion Therapeutics, Inc. Acquisition by Horizon Pharma Plc Is the Subject of a Legal Investigation
NEW YORK, April 3, 2015 /PRNewswire/ -- The fairness of the proposed acquisition of Hyperion Therapeutics, Inc. ("HPTX" or the "Company") by Horizon Pharma Plc ("Horizon") is being investigated by WeissLaw LLP, a national class action, shareholder rights law firm. The investigation focuses on possible breaches of fiduciary duty and other violations of law by the Board of Directors of HPTX for agreeing to sell the Company to Horizon. On March 30, 2015, the Company announced a definitive agreement for Horizon to acquire HPTX in a transaction valued at approximately $1.1 billion. Under the terms of the agreement, HPTX shareholders will receive $46.00 in cash for each HPTX share they own.
WeissLaw is investigating whether HPTX's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a price target of $52.00 per share, or $6.00 above the offer price. Additionally, the offer price represents a premium of less than 2% over the Company March 27, 2015 trading price of $45.40.
Given these facts, WeissLaw is investigating whether HPTX's Board acted in the best interests of HPTX's public shareholders by actively shopping the Company to maximize shareholder value prior to entering into the agreement with Horizon. If you own HPTX shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin or Kelly Keenan by telephone at (888) 593-4771 or by email at [email protected].
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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WeissLaw LLP
Joshua Rubin
Kelly Keenan
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New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
[email protected]
SOURCE WeissLaw LLP
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