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IDIX (MM)

24.50
0.00 (0.00%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
(MM) NASDAQ:IDIX NASDAQ Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.50 0.00 01:00:00

INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Idenix Pharmaceuticals, Inc. & Its Board of Directors In Con...

10/06/2014 4:50pm

Business Wire


(MM) (NASDAQ:IDIX)
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Levi & Korsinsky is investigating the Board of Directors of Idenix Pharmaceuticals, Inc. (“Idenix” or “the Company”) (Nasdaq: IDIX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Merck (NYSE: MRK).

Click here to learn more about the investigation: http://zlk.9nl.com/idenix-pharmaceuticals-idix, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, Idenix shareholders will receive $24.50 in cash for each share of Idenix stock they own, representing a total approximate transaction value of $3.85 billion. The investigation concerns whether the Board of Idenix breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Merck is underpaying for Idenix shares.

If you own Idenix common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/idenix-pharmaceuticals-idix.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax: 866-367-6510www.zlk.com

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