WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Medistem Inc. (OTC QB: MEDS)?
- Did you purchase any of your shares prior to December 20, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Medistem Inc. (“Medistem” or the “Company”) (OTC QB: MEDS) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Intrexon Corporation (“Intrexon”) (NYSE: XON), in a transaction valued at approximately $26 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/medistem-inc-meds.
Under the terms of the agreement, public shareholders of Medistem will receive $0.27 in cash and $1.08 worth of Intrexon common stock for each share of Medistem they own.
The investigation concerns whether Medistem’s board of directors failed to adequately shop the Company and obtain the best possible value for Medistem’s shareholders before entering into an agreement with Intrexon.
If you own the common stock of Medistem and purchased your shares before December 20, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/medistem-inc-meds.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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