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The Shuman Law Firm Investigates Talecris Biotherapeutics Holdings Corp.

^{Published on 2010-06-18 17:20:34 - Market Wire}
 

BOULDER, Colo.--([ BUSINESS WIRE ])--The Shuman Law Firm today announced that it is investigating potential claims against the board of directors of Talecris Biotherapeutics Holdings Corp. (aTalecrisa or the aCompanya) (NASDAQ:TLCR) related to the Companya™s agreement to be acquired by Grifols, S.A. (aGrifolsa). The proposed cash-and-stock transaction is valued at approximately $3.4 billion.

Under the terms of the proposed merger agreement, Grifols will acquire all of the common stock of Talecris for $19.00 in cash and 0.641 newly issued non-voting Grifols' shares for each Talecris share. The deal values each Talecris share at approximately $26.16, based on the closing price of Grifols' ordinary shares as of June 4, 2010 and prevailing Euro-Dollar exchange rates. The proposed transaction is expected to be completed in the second half of 2010. In connection with the offer, the leading shareholders of Grifols have agreed to vote their shares in favor of the transaction, and an affiliate of Cerberus Capital Management, L.P., which owns approximately 49% of the outstanding Talecris common stock, has entered a similar agreement. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Talecrisa™ board of directors.

If you currently own shares of Talecris and are interested in discussing your rights as a Talecris shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll-free at 866-974-8626 or email Mr. Shuman at [ kip@shumanlawfirm.com ] or Mr. Glenn at [ rusty@shumanlawfirm.com ].

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.