NEW YORK, Jan. 9, 2017 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of ARIAD Pharmaceuticals, Inc. ("ARIAD" or the
"Company") (NASDAQ: ARIA) concerning the proposed acquisition of
the Company by Takeda Pharmaceutical Co. ("Takeda").
Under the terms of the offer, Takeda would acquire ARIAD in a
transaction valued at approximately $5.2
billion. Pursuant to the terms of the transaction,
ARIAD shareholders would receive $24.00 in cash per share owned.
Our investigation concerns whether the ARIAD board of directors
is fulfilling its fiduciary duties, maximizing the value of the
Company, disclosing all material benefits and costs, and obtaining
full and fair consideration for Company stockholders.
If you own ARIAD shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/harwood-feffer-llp-announces-investigation-of-ariad-pharmaceuticals-inc-300388145.html
SOURCE Harwood Feffer LLP