Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Progenics Pharmaceuticals, Inc. has obtained a Fair Price in its sale to Lantheus Holdings, Inc.
PROGENICS PHARMACEUTICALS (PGNX)
Last progenics pharmaceuticals earnings: 8/9 07:30 am
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US:NASDAQ Investor Relations:
progenics.com
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Source: PR Newswire
MILWAUKEE, Oct. 3, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Progenics (Nasdaq: PGNX) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Progenics to Lantheus. Click here to learn how to join the action: http://ademilaw.com/case/progenics-pharmaceuticals-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. Ademi & O'Reilly, LLP alleges Progenics's financial outlook is improving and yet shareholders will receive only a fixed exchange rate of 0.2502 shares of Lantheus stock for each share of Progenics stock, with Progenics shareholders owning approximately 35% of the Combined Company. Lantheus is acquiring Progenics at a substantial discount. The merger agreement unreasonably limits competing bids for Progenics by prohibiting solicitation of further bids, and imposing a termination penalty if Progenics accepts a superior bid. Progenics insiders will receive millions of dollars as
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