(MDCO) Alert: Johnson Fistel Investigates Proposed Sale of The Medicines
Company; Is $85 a Fair Price?
SAN DIEGO- PRNewswire —November 25, 2019
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the
board members of The Medicines Company (NASDAQ: MDCO) breached their fiduciary duties
in connection with the proposed sale of the Company to Novartis AG.
On November 25, 2019, The Medicines Company announced that it had signed a definitive merger
agreement with Novartis AG. Under the terms of the deal, The Medicines Company stockholders
will receive $85 per share in cash.
The investigation concerns whether The Medicines Company 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 The Medicines Company
shares of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal represents adequate consideration, especially given that one Wall Street
analyst has a $100.00 price target on the stock.
If you are a shareholder of The Medicines Company and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, 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.