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Kendall Law Group Investigates BMP Sunstone Corporation Acquisition for Shareholders

^{Published on 2010-10-29 07:45:59 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating BMP Sunstone Corporation (NASDAQ: BJGP) for shareholders in connection with the proposed acquisition by Sanofi-aventis. The national securities firma™s investigation seeks to determine whether BMP Sunstone and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a BMP Sunstone shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On October 28, 2010, the companies announced the definitive merger agreement under which BMP Sunstone would be acquired by Sanofi-aventis in a transaction valued at approximately $520 million. Under the terms of the agreement, BMP Sunstone stockholders will receive $10.00 in cash for each share of BMP Sunstone/BJGP common stock held. The firm believes the transaction may be undervaluing the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.