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NEOGEN (NEOG) INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF NEOGEN CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – NEOG
December 14, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of NEOGEN Corporation (NASDAQ: NEOG) and 3M’s Food Safety business is fair to NEOGEN shareholders. Upon completion of the transaction, NEOGEN will issue a number of shares to 3M shareholders such that existing NEOGEN shareholders will own approximately 49.9% of the combined company. Further, 3M will also receive consideration valued at approximately $1 billion, subject to closing and other adjustments.
The investigation concerns whether NEOGEN and its board 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 NEOGEN shareholders; and (2) disclose all material information necessary for NEOGEN shareholders to adequately assess and value the merger consideration. On behalf of NEOGEN shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP 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.
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