XENOPORT SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Xenoport, Inc. (XNPT) Over the Proposed Sale...
May 26 2016 - 4:16PM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Xenoport, Inc. (“Xenoport”
or the “Company”) (NASDAQ:XNPT) for potential breaches of fiduciary
duties in connection with the sale of the Company to Arbor
Pharmaceuticals, LLC for approximately $467 million.
The Company’s stockholders will only receive $7.03 in cash for
each share of Company common stock they own. However, this
consideration is below at least one analyst’s price target of
$10.00 per share and Xenoport’s 52-week high of $7.86 per
share.
Click here for more information:
www.faruqilaw.com/XNPT. There is no cost or
obligation to you.
The investigation focuses on whether Xenoport’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Xenoport’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Xenoport and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/XNPT or contact Juan
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2016 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP685 Third Avenue, 26th FloorNew York, NY
10017Attn: Juan Monteverde, Esq.jmonteverde@faruqilaw.comToll Free:
877-247-4292Phone: 212-983-9330
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