Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of MAP Pharmaceuticals, Inc. (“MAP” or the “Company”) (NasdaqGS: MAPP) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Allergan Inc. (NYSE: AGN) in an all-cash deal valued at approximately $958 million. Under the terms of the proposed transaction, MAP’s stockholders will receive $25 in cash for each share of MAP’s common stock they own. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.
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The investigation focuses on whether MAP’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of MAP’s shareholders.
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or contact Juan E. Monteverde, Esq. either via e-mail at
or by telephone at (877) 247-4292 or (212) 983-9330.
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