SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Nanosphere, Inc. and Encourages
Investors to Contact the Firm for Additional Information
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by the Board of Directors of Nanosphere, Inc. (“Nanosphere” or the
“Company”) (Nasdaq: NSPH) relating to the proposed buyout of the Company by Luminex Corporation.
Under the terms of the agreement, Nanosphere shareholders are anticipated to receive $1.35 in cash for each share of Nanosphere
common stock held. The transaction may undervalue Nanosphere and would result in no real gain or a loss for many shareholders,
especially given that the Company’s 52-week high was $4.22. Additionally, according to Yahoo! Finance, at least one Wall
Street analyst has issued a price target for Nanosphere stock at $2.00 per share.
The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy
their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common stock.
If you currently own common stock of Nanosphere and believe that the proposed buyout price is too low, or you would like to
learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting
Brower Piven either by email at hoffman@browerpiven.com or by telephone
at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
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