NEW YORK, Oct. 9, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Senomyx, Inc.
("SNMX" or the "Company") (NASDAQ: SNMX) in connection with
the proposed acquisition of the Company by Firmenich Incorporated
("Firmenich"). Under the terms of the acquisition agreement,
shareholders will receive $1.50 in
cash for each SNMX share they own.
If you own SNMX shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua
Rubin
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)
593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/senomyx-inc/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether SNMX's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, SNMX shares traded for $1.50
as recently as May of this year. Additionally, prior to the
acquisition announcement, at least one analyst set a target price
of $2.00 per SNMX share.
Moreover, through this acquisition, Firmenich hopes to leverage
SNMX's leadership in taste technologies and natural ingredient
pipeline to increase its market positioning and expand its
offerings.
Given these facts, WeissLaw is concentrating its investigation
on whether SNMX's Board conducted a fair process in agreeing to the
proposed acquisition, and whether the proposed acquisition
undervalues the Company.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP