Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Optimer Pharmaceuticals, Inc. (“Optimer” or the “Company”) (Nasdaq: OPTR) relating to the proposed acquisition by Cubist Pharmaceuticals.
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Under the terms of the transaction, Optimer shareholders will receive only $10.75 in cash and a Contingency Value Right that would entitle shareholders to an additional $5.00 per share if net sales targets for the drug DIFICID are met for each share of Optimer stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Optimer for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the Company and will result in a loss for many long term Optimer shareholders. Optimer stock traded at $16.18 per share as recently as May 16, 2013 and traded at $16.43 per share on September 6, 2012. In addition, an analyst has set a $25.00 per share price target on Optimer stock.
If you own shares of Optimer common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
, by visiting
, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.