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
TheStreet Open House

SHAREHOLDER ALERT: Wohl & Fruchter Investigating The Acquisition Of Optimer Pharmaceuticals, Inc. By Cubist Pharmaceuticals, Inc.

Stocks in this article: OPTR

The law firm of Wohl & Fruchter LLP is investigating the proposed acquisition of Optimer Pharmaceuticals, Inc. (Optimer) (Nasdaq: OPTR) by Cubist Pharmaceuticals, Inc. (Cubist).

On July 30, 2013, Optimer and Cubist announced they had signed an agreement under which Cubist will acquire all of the outstanding shares of Optimer stock for $10.75 per share in cash – over 20% below the $13.29/share closing price of OPTR on July 30, 2013.

In addition to the upfront cash payment, each Optimer stockholder will receive a Contingent Value Right, which is expected to be publicly traded, entitling the holder to receive an additional one-time cash payment of up to $5.00 for each Optimer share they own – but only if certain net sales of Optimer’s drug DIFICID® are achieved.

DIFICID is an antibacterial drug used to treat a severe form of diarrhea resulting from intestinal infections in hospitalized adults 18 years of age or older.

In April 2011, Cubist and Optimer entered into a two-year agreement under which Cubist has been co-promoting DIFICID with Optimer to physicians, hospitals, and other healthcare institutions.

According to Reuters, earlier this year, Cubist offered to buy Optimer for $20 per share, or nearly $1 billion – nearly double the price that Cubist has agreed to pay for Optimer in the current transaction.

Wohl & Fruchter’s investigation concerns whether the Optimer Board of Directors breached their fiduciary duties to stockholders by agreeing to sell the Company to Cubist for an inadequate price, and failing to adequately shop the Company before agreeing to enter into the transaction with Cubist.

Additional information is available at  http://www.wohlfruchter.com/cases/optr.

Persons with relevant information, and Optimer shareholders with questions about this investigation, are invited to contact our Firm by calling 866.833.6245, or contacting the attorney below.

About Wohl & Fruchter

Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

This release may be deemed to constitute attorney advertising.

1 of 2

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.
Submit an article to us!
DOW 16,646.47 +31.66 0.19%
S&P 500 1,945.73 +4.45 0.23%
NASDAQ 4,429.03 +9.5520 0.22%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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