Levi & Korsinsky notifies investors of Santarus, Inc. (“Santarus” or the “Company”) (Nasdaq:SNTS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Salix Pharmaceuticals, Ltd. (“Salix”) (NasdaqGS:SLXP).
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Salix and Santarus announced on November 7, 2013 that the companies have entered into a definitive merger agreement under which Salix will acquire all of the outstanding common stock of Santarus for approximately $2.6 billion. Under the terms of the transaction, Santarus shareholders will receive $32.00 for each share of Santarus stock they own. The investigation concerns whether the Santarus Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Salix Pharmaceuticals, Inc. is underpaying for Santarus shares.
If you own Santarus common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
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