NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of KYTHERA Biopharmaceuticals, Inc. (“Kythera” or the “Company”) (NasdaqGS:KYTH) for potential breaches of fiduciary duties in connection with the sale of the Company to Allergan plc. for approximately $2.1 billion. The Company’s stockholders will only receive approximately $75 per share for each share of Kythera common stock they own.
The fixed-value transaction consideration will be payable 80 percent in cash and 20 percent in new Allergan shares issued to Kythera shareholders. However, at least one analyst has set a price target of $85.00 for shares of the Company and the current offer has a negligible premium.
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The investigation focuses on whether Kythera’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Kythera’s shareholders.
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If you own common stock in Kythera and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/KYTH or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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