SAN DIEGO, July 27, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of Sequenom, Inc. (NASDAQ: SQNM)
breached their fiduciary duties in connection with the proposed
sale of the Company to Laboratory Corporation of America Holdings
(NYSE: LH).
Additional Information:
Sequenom is a life sciences company that develops and
commercializes molecular diagnostics testing services for the
women's health and oncology markets in the United States and internationally.
On July 27, 2016, Sequenom
announced it had signed a definitive merger agreement with
Laboratory Corporation. Under the terms of the agreement, Sequenom
stockholders will receive $2.40 per
share in cash.
The investigation concerns whether the Sequenom board failed to
satisfy their 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 Sequenom
shares of common stock. Nationally recognized Johnson &
Weaver is investigating whether the proposed deal price represents
adequate consideration. The 52-week high for Sequenom stock
is $2.99.
If you are a shareholder of Sequenom 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
(jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please
include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, 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
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
Logo - http://photos.prnewswire.com/prnh/20160211/332409LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/sequenom-sqnm-alert-johnson--weaver-llp-launches-an-investigation-into-the-fairness-of-price-and-process-in-proposed-sale-of-sequenom-inc-are-shareholders-getting-a-fair-price-300304706.html
SOURCE Johnson & Weaver, LLP