Relypsa Inc (RLYP)

[tedkov]

Relypsa Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
July 21, 2016
Tags: NewsPoints Relypsa Galenica United States Corporate Affairs Mergers & Acquisitions

A group of Relypsa Inc. shareholders are upset with the sale of the Company for $32 per share, and are looking at options to increase the $1.5 billion purchase of the company by the Galenica Group.

The shareholders contest that the purchase price of only $32 is insufficient in light of the company's growth
prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, senior management of the Company obtained personal benefits for their own self interests in agreeing to sell the company for this unfairly low price to the detriment of its shareholders.

Relypsa did not immediately respond to requests for a comment.

To contact the law firm handling the matter on behalf of shareholders of Relypsa for more information call toll free 800.511.7037