This Day On The Street
Continue to site
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

Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation Of The Santarus, Inc. Proposed Acquisition By Salix Pharmaceuticals, Ltd.

Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether the Board of Directors of Santarus, Inc. (Nasdaq: SNTS) breached its fiduciary duties in connection with the Company’s proposed acquisition by Salix Pharmaceuticals, Ltd. (Nasdaq: SLXP).

On November 7, 2013, Salix announced that it had entered into a definitive merger agreement to acquire Santarus for $32.00 per share in cash, representing a total deal value of approximately $2.6 billion.

The investigation will determine whether the Santarus Board of Directors breached its fiduciary duties to stockholders by failing to satisfactorily shop the Company before entering into the merger agreement.

The proposed merger was announced the same day Santarus reported third quarter financial and operating results for the nine months ended September 30, 2013. Total revenues for the quarter grew 81% and net income increased by 189%. W. Scott Holleman, an attorney for Johnson & Weaver, stated that, “Salix Pharmaceuticals’ offer appears to be inadequate and not in the best interest of the shareholders.” Holleman continued, “Santarus revenues have been accelerating at a tremendous pace and I believe the stock should warrant a higher price.”

If you are a shareholder of Santarus and believe 1) the proposed buyout price is too low or 2) the deal favors the officers and directors and not the shareholders or 3) you’re interested in learning more about the investigation or your legal rights and remedies, please contact attorney Scott Holleman ( at 212-802-1486.

Johnson & Weaver, LLP is a nationally recognized shareholders’ rights law firm. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.60 -0.45%
FB $99.63 -4.30%
GOOG $671.00 -1.80%
TSLA $152.21 -6.40%
YHOO $27.15 -2.90%


Chart of I:DJI
DOW 15,896.05 -308.92 -1.91%
S&P 500 1,842.84 -37.21 -1.98%
NASDAQ 4,263.28 -99.8640 -2.29%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs