The Briscoe Law Firm and Powers Taylor, LLP Investigate the Board of Micromet Concerning the Sale of MITI to Amgen

^{Published on 2012-01-26 08:06:54 - Market Wire}
 

Micromet, Inc. Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP... -- DALLAS, Jan. 26, 2012 /PRNewswire/ --

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DALLAS, Jan. 26, 2012 /PRNewswire/ -- Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the sale of Micromet, Inc. ("Micromet" or "MITI") (NASDAQ: [ MITI ]) to Amgen for shareholders.  Under the proposed transaction, Micromet shareholders will receive $11.00 in cash for each share of Micromet/MITI stock owned, which is below the target price of $12.00 announced by analysts.

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If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ].  There is no cost or fee to you.

The definitive acquisition agreement involves an all cash transaction valued at approximately $1.16 billion.  The transaction will commence with a tender offer, and the deal is expected to close in the first quarter of 2012.

The investigation centers on whether Micromet shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Micromet's stock, and whether Micromet's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal.

[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

SOURCE Powers Taylor, LLP

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