Stockholders v Trimeris, Inc.
Stockholders File Lawsuit Against Trimeris, Inc.
According to a press release dated October 22, 2009, The complaint alleges misconduct from the Board of Directors, under the terms of the agreement, Trimeris shareholders will receive $3.60 in cash for each share of Trimeris they own for a total transaction value of approximately of $81 million.
The complaint charges Trimeris with breaches of fiduciary duty and other violations of state law related to the Trimeris board's approval of the proposed merger. The transaction appears to be unfair, because of the price being paid, various deal protections and the Company granted Arigene a top-up option that may allow Arigene to purchase additional shares.
If you bought Trimeris, Inc. securities and would like to obtain information about the Trimeris, Inc. lawsuit, then you are invited to call Kahn Swick & Foti, LLC toll free at (866) 467-1400 extension 100 to speak with an attorney or visit www.ksfcounsel.com.
