Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of BioMimetic
Therapeutics Inc. (BMTI)
NEW YORK -- November 20, 2012
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of BioMimetic Therapeutics
Inc. (“BioMimetic” or the “Company”) (NASDAQ: BMTI) for potential breaches of
fiduciary duties in connection with their conduct related to the sale of the
Company to Wright Medical Group Inc. (“WMGI”) (NASDAQ: WMGI) in a
cash-and-stock deal valued at approximately $380 million. Under the terms of
the proposed transaction, BioMimetic’s stockholders will receive $1.50 in cash
and 0.2482 of a WMGI share for each share of BioMimetic common stock they own.
The transaction values the proposed consideration at approximately $6.47 based
on WMGI’s closing stock price on Friday, November 16, 2012, while according to
Yahoo! Finance, at least one financial analyst has set a price target of $7.50
Request more information now by clicking here: www.faruqilaw.com/BMTI. There
is no cost or obligation to you.
The investigation focuses on whether BioMimetic’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 BioMimetic’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients.
If you own common stock in BioMimetic and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/BMTI or contact Juan E. Monteverde, Esq. either via e-mail
at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212)
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible
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results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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