On or around 04/18/2018 (Court's order of dismissal)
Filing Date: December 29, 2017
According to the Complaint, on December 12, 2017, Repros and Allergan issued a joint press release announcing that they had entered into a definitive agreement (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, Acquisition Sub will commence a cash tender offer to acquire all of the issued outstanding shares of Repros common stock for $0.67 per share (the “Offer Price”).
The Complaint alleges that on December 29, 2017, in order to convince Repros stockholders to tender their shares, the Board authorized the filing of a materially incomplete and misleading Schedule 14D- 9 Solicitation/Recommendation Statement (the “14D-9”) with the Securities and Exchange Commission (“SEC”). In particular, the 14D-9 contains materially incomplete and misleading information concerning: (i) financial projections for the Company; and (ii) the valuation analyses performed by the Company’s financial advisor, Stifel, Nicolaus & Company, Incorporated (“Stifel”), in support of their fairness opinions.
This case was voluntarily dismissed as moot on April 16, 2018.
Company & Securities Information
Defendant: Repros Therapeutics Inc.
Industry: Biotechnology & Drugs
Headquarters: United States
Ticker Symbol: RPRX
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Mark Neuterman, et al. v. Repros Therapeutics Inc., et al.