MILWAUKEE, Dec. 26, 2023 /PRNewswire/ — Ademi LLP is investigating RayzeBio (NASDAQ: RYZB) for possible breaches of fiduciary duty and other violations of law in its transaction with Bristol Myers.
Click here to learn how to join the https://www.ademilaw.com/case/rayzebio-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, RayzeBio stockholders will receive only $62.50 per share in an all-cash transaction for a total equity value of approximately $4.1 billion, or $3.6 billion net of estimated cash acquired. The transaction agreement unreasonably limits competing transactions for RayzeBio by imposing a significant penalty if RayzeBio accepts a competing bid. RayzeBio insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of RayzeBio’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own RayzeBio common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/rayzebio-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Guri Ademi
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