|[November 19, 2012]
Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of BioMimetic Therapeutics Inc. (BMTI)
NEW YORK --(Business Wire)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of BioMimetic
Therapeutics Inc. ("BioMimetic" or the "Company") (NASDAQ: BMTI) for
potential breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Wright Medical Group Inc. ("WMGI")
(NASDAQ: WMGI) in a cash-and-stock deal valued at approximately $380
million. Under the terms of the proposed transaction, BioMimetic's
stockholders will receive $1.50 in cash and 0.2482 of a WMGI share for
each share of BioMimetic common stock they own. The transaction values
the proposed consideration at approximately $6.47 based on WMGI's
closing stock price on Friday, November 16, 2012, while according to
Yahoo! Finance, at least one financial analyst has set a price target of
$7.50 for BioMimetic.
Request more information now by clicking here: www.faruqilaw.com/BMTI.
There is no cost or obligation to you.
The investigation focuses on whether BioMimetic's Board of Directors
breached their fiduciary duties to the Company's stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of BioMimetic's 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.
If you own common stock in BioMimetic and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
[ Back To TMCnet.com's Homepage ]