TBPH Stock Alert: Halper Sadeh LLC is Investigating Whether Theravance Biopharma, Inc. is Obtaining a Fair Price for its Shareholders
Investor rights law firm Halper Sadeh LLC has opened an investigation into the sale of Theravance Biopharma to Zymeworks Inc. for $17.00 per share. The firm is examining whether Theravance and its board of directors violated their obligations in obtaining a fair price for shareholders, and is encouraging shareholders to learn about their rights.
Why it matters — TBPH watchers would care because the announcement raises questions about the fairness of the proposed acquisition price received by existing shareholders.