Glancy Binkow & Goldberg LLP Announces Investigation of Inhibitex, Inc.
January 09 2012 - 1:06PM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the Board of Directors of
Inhibitex, Inc. ( “Inhibitex” or the “Company”) (NASDAQ:INHX)
related to the proposed acquisition of the Company by Bristol-Myers
Squibb Co. The transaction is valued at approximately $2.5 billion
or $26.00 per share.
The investigation concerns whether the Board of Directors of
Inhibitex breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth. Its
share price has sky rocketed from $2.16 on March 2, 2011 to $15.51
on December 2, 2011.
If you are a shareholder of Inhibitex, 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 Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, CA 90067, by telephone at 310-201-9150 or Toll Free at
888-773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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