NEW YORK, June 24, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Radius Health, Inc. (“Radius”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by an entity jointly owned by Gurnet Point Capital & Patient Square Capital (“Gurnet Point and Patient Square”).
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On June 23, 2022, Radius announced that it had entered into an agreement to be acquired by Gurnet Point and Patient Square in a cash and CVR deal. Pursuant to the merger agreement, Radius shareholders will receive $10.00 per share in cash plus a CVR of $1.00 per share payable upon TYMLOS® (abaloparatide) net sales reaching $300 million (inclusive of U.S. sales and Japan royalties or supply payments based on supply of TYMLOS for sale in Japan) during any consecutive 12-month period prior to December 31, 2025. The deal is scheduled to close in the third quarter of 2022.
Bragar Eagel & Squire is concerned that Radius’ board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Radius’ stockholders.
If you own shares of Radius and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato by email at email@example.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.