(AIMT) Alert: Johnson Fistel Investigates Proposed Sale of Aimmune Therapeutics; Is $34.50 a Fair Price?
SAN DIEGO, Aug. 31, 2020 /PRNewswire/ —
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Aimmune Therapeutics, Inc. (“Aimmune” or the “Company”) (NASDAQ: AIMT) breached their fiduciary duties in connection with the proposed sale of the Company to Nestlé S.A.
On August 31, 2020, Aimmune announced that it had entered into a definitive merger agreement with Nestlé S.A. Under the terms of the acquisition agreement, the Company’s shareholders will receive $34.50 per share in cash.
The investigation concerns whether the Aimmune board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Aimmune shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has a $66.00 price target on the stock. The 52-week high for Aimmune was $37.00.
If you are a shareholder of Aimmune and believe the proposed buyout price is too low or you’re interested in learning more about the investigation, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.