NEW YORK, Oct. 13, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Dimension
Therapeutics, Inc. ("DMTX" or the "Company") (NASDAQ: DMTX) in
connection with the proposed acquisition of the Company by
Ultragenyx Pharmaceutical Inc. ("RARE") (NASDAQ: RARE). On
October 2, 2017, the Company issued a
press release announcing its acceptance of RARE's "superior
proposal" and the signing of a definitive agreement under which
terms RARE will acquire all outstanding shares of DMTX in a
transaction valued at approximately $151.00
million, offering DTMX shareholders $6.00 for each share they own.
WeissLaw is investigating whether DMTX's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $9.00 per share, or $3.00 above the offer price.
Further, according Emil D. Kakkis, RARE's President and CEO,
"[t]he acquisition [] provides a unique opportunity to approach
treatment of more rare diseases and advance [RARE's] development as
a next generation rare disease company." The deal will grant
RARE access to DTMX's technology platform which will expand RARE
into new therapeutic modalities and capabilities, and diversifies
its clinical and preclinical pipeline.
Given these facts, WeissLaw is investigating whether DMTX's
Board acted in the best interests of DMTX's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own DMTX shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/dimension-therapeutics-inc/
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SOURCE WeissLaw LLP