Principia Biopharma Inc.
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PRINCIPIA MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF PRINCIPIA BIOPHARMA INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – PRNB
August 17, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Principia Biopharma Inc. (NASDAQ: PRNB) to Sanofi for $100.00 per share in cash is fair to Principia shareholders. On behalf of Principia shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The investigation concerns whether Principia and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for Principia shareholders; (2) determine whether Sanofi is underpaying for Principia; and (3) disclose all material information necessary for Principia shareholders to adequately assess and value the proposed transaction.
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