1. Halper Sadeh investigates the fairness of CureVac's sale to BioNTech. 2. CureVac shares will convert to approximately $5.46 in BioNTech ADSs. 3. Shareholders may own 4% to 6% of BioNTech post-transaction. 4. The investigation questions the board's fiduciary duties and fairness. 5. Legal rights options are provided for CureVac shareholders.
The investigation implies potential undervaluation, which can decrease stock price. Similar cases historically saw declines when fairness was contested.
The legality of the transaction will significantly affect investor confidence and share value. Market reactions to legal investigations typically impact prices swiftly.
Immediate concerns may arise from the ongoing investigation, impacting stock activity quickly. Historical examples show swift reactions to similar investigations.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of CureVac N.V. (NASDAQ: CVAC) to BioNTech SE is fair to CureVac shareholders. Under the terms of the proposed transaction, each CureVac share will be exchanged for approximately $5.46 in BioNTech ADSs. Upon closing of the proposed transaction, CureVac shareholders are expected to own between 4% and 6% of BioNTech.
Halper Sadeh encourages CureVac shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The investigation concerns whether CureVac and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for CureVac shareholders; (2) determine whether BioNTech is underpaying for CureVac; and (3) disclose all material information necessary for CureVac shareholders to adequately assess and value the merger consideration.
On behalf of CureVac shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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