NEW YORK, Nov. 15, 2013 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of ViroPharma Inc. ("ViroPharma" or the "Company") (NasdaqGS: VPHM) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Shire (NasdaqGS: SHPG) in a cash deal valued at approximately $4.2 billion. Under the terms of the proposed transaction, ViroPharma's stockholders will receive $50.00 for each share of ViroPharma common stock they own.
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The investigation focuses on whether ViroPharma's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of ViroPharma's shareholders.
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If you own common stock in ViroPharma and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/VPHM or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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