MILWAUKEE, Dec. 6, 2023 /PRNewswire/ -- Ademi LLP is investigating Cerevel (NASDAQ: CERE) for possible breaches of fiduciary duty and other violations of law in its transaction with AbbVie.
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In the transaction, Cerevel stockholders are expected to receive only $45.00 per share in cash. The transaction values Cerevel at a total equity value of approximately $8.7 billion The transaction agreement unreasonably limits competing transactions for Cerevel by imposing a significant penalty if Cerevel accepts a competing bid. Cerevel insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Cerevel's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Cerevel common stock and wish to obtain additional information, please contact Guri Ademi either at or toll-free: 866-264-3995, or .
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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