|[June 09, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Idenix Pharmaceuticals, Inc. In Connection With The Proposed Sale Of The Company To Merck & Co., Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Idenix Pharmaceuticals, Inc.
("Idenix" or the "Company") (NasdaqGS: IDIX) and other violations of
state law by the board of directors of Merck & Co., Inc. ("Merck"), in a
transaction valued at approximately $3.85 billion.
Under the terms of the transaction, shareholders of Idenix would receive
$24.50 in cash for each share of Idenix they own. The firm's
investigation seeks to determine, among other things, whether the
Company's boad of directors breached their fiduciary duties by failing
to maximize shareholder value before agreeing to enter into this
transaction, and whether Merck is underpaying for Idenix shares.
If you currently own common stock of Idenix and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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