NEW YORK, Jan. 12, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Baxalta Incorporated ("Baxalta" or the "Company") (NYSE: BXLT) concerning the proposed acquisition of the Company by Shire plc ("Shire").
Under the terms of the offer, Shire would acquire Baxalta in a transaction valued at approximately $32 billion. Pursuant to the deal, Baxalta stockholders would receive $18.00 in cash and 0.1482 of a Shire American depositary share ("ADS") per Baxalta share, combined consideration of approximately $45.57 per share. According to Yahoo Finance, at least one analyst has set a target price of $47 per share for Baxalta stock.
Our investigation concerns whether the Baxalta board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Baxalta shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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