Inhibrx, Inc.

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INBX STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF INHIBRX, INC. IS FAIR TO SHAREHOLDERS

 

January 23, 2024.

 

New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Inhibrx, Inc. (NASDAQ: INBX) to Sanofi is fair to Inhibrx shareholders. Under the terms of the proposed transaction, for each Inhibrx share, Inhibrx shareholders will receive $30.00 in cash, a contingent value right of $5.00, conditioned upon the achievement of a regulatory milestone, and 0.25 shares of a new publicly traded company that will retain Inhibrx’s non-INBRX-101 assets.

 

The investigation concerns whether Inhibrx and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Inhibrx shareholders; (2) determine whether Sanofi is underpaying for Inhibrx; and (3) disclose all material information necessary for Inhibrx shareholders to adequately assess and value the merger consideration. On behalf of Inhibrx shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

 

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

 

Attorney Advertising. Prior results do not guarantee a similar outcome.

Certification

Signed pursuant to California Civil Code Section 1633.1, et seq., and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: February 27, 2024