NEW YORK, Jan. 13, 2017 /PRNewswire/ -- Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of ARIAD Pharmaceuticals, Inc. ("ARIAD" or the "Company") (NASDAQ: ARIA) for potential breaches of fiduciary duties in connection with the sale of the Company to Takeda Pharmaceutical Company Limited for approximately $5.2 billion. The Company's stockholders will only receive $24.00 in cash for each share of ARIAD's common stock they own.
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The investigation focuses on whether ARIAD's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of ARIAD's shareholders.
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Faruqi & Faruqi, LLP is working together in this investigation with Juan E. Monteverde from Monteverde & Associates PC.
If you own common stock in ARIAD and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ARIA or contact Nadeem Faruqi, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at email@example.com or by telephone at (212) 971-1341.
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