XENOPORT, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
May 23 2016 - 10:34AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of XenoPort, Inc.
(NASDAQ GS: XNPT)?
- Did you purchase any of your shares
prior to May 23, 2016?
- 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 XenoPort,
Inc. (“XenoPort” or the “Company”) (NASDAQ GS: XNPT) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
Arbor Pharmaceuticals, LLC (“Arbor”), in a transaction valued at
approximately $467 million.
Click here to learn more:
http://rigrodskylong.com/investigations/xenoport-inc-xnpt.
Under the terms of the agreement, shareholders of XenoPort will
receive $7.03 in cash for each share of XenoPort common stock.
The investigation concerns whether XenoPort’s board of directors
failed to adequately shop the Company and obtain the best possible
value for XenoPort shareholders before entering into an agreement
with Arbor. According to Yahoo! Finance, at least one analyst has
issued a price target for XenoPort stock at $10.00 per share.
If you own the common stock of XenoPort and purchased your
shares before May 23, 2016, 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 D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/xenoport-inc-xnpt.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160523006021/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M. Serra(888)
969-4242(302) 295-5310Fax: (302)
654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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