Rigrodsky & Long, P.A. Announces Investigation Of Optimer Pharmaceuticals, Inc. Buyout

Rigrodsky & Long, P.A.:
  • Do you own shares of Optimer Pharmaceuticals, Inc. (NASDAQ GS: OPTR)?
  • Did you purchase any of your shares prior to July 30, 2013?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Optimer Pharmaceuticals, Inc. (“Optimer” or the “Company”) (NASDAQ GS: OPTR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Cubist Pharmaceuticals, Inc. (“Cubist”) (NASDAQ GS: CBST) in a transaction valued at approximately $801 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/optimer-pharmaceuticals-inc-optr.

Under the terms of the agreement, public shareholders of Optimer will receive $10.75 per share in cash for each share of Optimer they own. In addition to the cash consideration, Optimer shareholders would also receive one Contingent Value Right for each Optimer share they own, which could yield additional cash consideration of up to $5.00 per share.

The investigation concerns whether Optimer’s board of directors failed to adequately shop the Company and obtain the best possible value for Optimer’s shareholders before entering into an agreement with Cubist. According to Yahoo! Finance, at least one analyst has set a price target for Optimer stock at $25.00 per share.

If you own the common stock of Optimer and purchased your shares before July 30, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/optimer-pharmaceuticals-inc-optr.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Copyright Business Wire 2010

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