NEW YORK, April 29, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger between resTORbio, Inc. (NASDAQ: TORC) and Adicet Bio, Inc. is fair to resTORbio shareholders. On behalf of resTORbio shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
If you are a resTORbio shareholder and would like to discuss your legal rights and options, please visit resTORbio Merger or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
Under the terms of the merger agreement, Adicet equityholders will become the majority owners of approximately 75% of resTORbio's outstanding common stock upon the close of the merger. The resTORbio merger investigation concerns whether resTORbio and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for resTORbio shareholders; and (2) disclose all material information necessary for resTORbio shareholders to adequately assess and value the merger consideration.
If you are a resTORbio shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/restorbio-inc-torc-stock-merger-adicet-bio/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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SOURCE Halper Sadeh LLP