NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Ocata Therapeutics, Inc. (“Ocata” or the “Company”) (NasdaqGM:OCAT) for potential breaches of fiduciary duties in connection with the sale of the Company to Astellas Pharma Inc. for approximately $379 million.
The Company’s stockholders will only receive $8.50 per share in cash for each share of Company common stock they own. However the offer is below at least one analyst’s target price of $9.00 per share.
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The investigation focuses on whether Ocata’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 Ocata’s shareholders.
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If you own common stock in Ocata and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/OCAT or contact Juan 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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