Kythera Biopharmaceuticals, Inc (KYTH)

[tedkov]

Kythera Biopharmaceuticals Sued by Shareholder Over Merger Bid - (via NewsPoints Desk)

June 19, 2015
Tags: NewsPoints Kythera Allergan United States Corporate Affairs Mergers &
Acquisitions

A Kythera shareholder, filed a lawsuit in Delaware Chancery Court attempting
to block the $2.1 billion purchase of the company by Allergan.
The shareholder accused Kythera’s board of breach of fiduciary duties, arguing
that the purchase price is insufficient in light of the company's growth
prospects and that deal-protection clauses in the agreement preclude other
companies from submitting successful competing offers.
Kythera did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Kythera for more information call toll free 800.511.7037