The investigation concerns whether the board of directors of Santarus breached their fiduciary duties by not engaging in a full and fair process to insure that shareholders obtained the maximum value for their shares. Indeed, Santarus reported financial and operating results for the quarter and nine months ended September 30, 2013. Key financial results include: Total revenues of $98.8 million grew 81% compared with $54.7 million for the third quarter of 2012; and Net income of $30.3 million, or $0.38 diluted earnings per share (EPS), compared with $9.0 million, or $0.13 diluted EPS for the third quarter of 2012. Moreover, certain directors and officers of Santarus, who owned approximately 12 percent of Santarus' total outstanding stock have agreed to tender their shares into the offer and vote against any competing bids to acquire Santarus.
If you are a shareholder of Santarus and would like additional information, at no cost, as to how this acquisition may affect your rights as a shareholder, please contact us at:
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