This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

INVESTOR ALERT: Brannon Law Firm, L.L.C. Is Investigating The Proposed Tender Offer/Merger Of MAP Pharmaceuticals, Inc. By Allergan, Inc.

Brannon Law Firm, L.L.C., a Metairie, Louisiana based securities litigation law firm, announces that it is commencing an investigation into the Board of Directors of MAP Pharmaceuticals, Inc. ("MAP" or the "Company") (Nasdaq: MAPP) to determine whether they have breached their fiduciary duties and other possible violations of state law in connection with the proposed tender offer/merger of MAP to Allergan, Inc. (NYSE: AGN). Under the terms of the transaction, Allergan will tender $25 per share to MAP shareholders. If Allergan does not hold 90% of more of the outstanding MAP shares following completion of the offer, the Company may hold a special shareholders’ meeting to obtain stockholder approval of the merger. The per share offer represents a total equity value of approximately at $985 million, on a fully-diluted basis.

The investigation is focused on the timing of the transaction, the mechanism effected to achieve the transaction, and the potential unfairness of the consideration to MAP shareholders and whether MAP’s Board of Directors acted in the shareholders’ best interest and properly shopped the company before entering into the acquisition agreement with Allergan, Inc. The value of MAP stock was expected to continue increasing upon the anticipated approval of its new drug for migraine treatment - LEVADEX. At least one analyst set a price target for MAP stock at $30.00 per share by the end of 2013.

If you have information relevant to this investigation, or if you own common stock in MAP and wish to discuss your legal rights as a MAP shareholder, you may, without obligation or cost to you, e-mail or call Paul M. Brannon ( PMB@BrannonLawFirm.com) at (504)-456-8696.



Stock quotes in this article: MAPP 
Copyright Business Wire 2010

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs