The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Inhibitex, I...
January 13 2012 - 2:07PM
Marketwired
Levi & Korsinsky notifies investors of Inhibitex, Inc.
("Inhibitex" or the "Company") (NASDAQ: INHX) of claims of breaches
of fiduciary duty and other violations of state law against the
board of directors of the Company in connection with the sale of
the Company to Bristol-Myers Squibb Co. (NYSE: BMY). Under the
terms of the transaction, Inhibitex shareholders will receive $26
per share of Inhibitex stock they own. The transaction has a total
approximate value of $2.5 billion. Shareholders with beneficial
ownership of approximately 17% of Inhibitex common stock have
already entered into agreements with Bristol-Myers to support the
transaction and to tender their shares in the tender offer. A
complaint was filed in Delaware state court.
Click here to learn how to join the action:
http://zlk.9nl.com/inhibitex-inhx, or call: 877-363-5972.
The claims concern whether the Inhibitex Board of Directors
breached their fiduciary duties to Inhibitex stockholders by
failing to adequately shop the Company before entering into this
transaction and whether Bristol-Myers Squibb Co. is underpaying for
Inhibitex shares, thus unlawfully harming Inhibitex
stockholders.
If you own common stock in Inhibitex and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or
http://www.zlk.com/inhibitex-inhx.html.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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