(EIDX) Alert: Johnson Fistel Investigates Proposed Sale of Eidos Therapeutics; Are Shareholders Getting a Fair Deal?

Johnson-Fistel-EIDX

<br /> (EIDX) Alert: Johnson Fistel Investigates Proposed Sale of Eidos Therapeutics; Are Shareholders Getting a Fair Deal?<br />

PR Newswire

SAN DIEGO, Oct. 5, 2020

SAN DIEGO

,

Oct. 5, 2020

/PRNewswire/ — Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Eidos Therapeutics, Inc. (“Eidos” or the “Company”) (NASDAQ: EIDX) breached their fiduciary duties in connection with the proposed sale of the Company to BridgeBio Pharma, Inc. (NASDAQ: BBIO).

On

October 5, 2020

, Eidos announced that it had entered into a definitive merger agreement with BridgeBio Pharma. Under the terms of the merger agreement, Eidos stockholders will have the right to receive in the transaction, at their election, either 1.85 shares of BridgeBio Pharma common stock or

$73.26

in cash per Eidos share, up to an aggregate maximum of

$175 million

of cash.

The investigation concerns whether the Eidos board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Eidos shares of common stock.

Nationally recognized

Johnson Fistel

is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has an

$80.00

price target on the stock.

If you are a shareholder of Eidos and believe the proposed buyout price is too low or you’re interested in learning more about the investigation, please contact lead analyst

Jim Baker

(

[email protected]

) at

619-814-4471

. If emailing, please include a phone number.

Additionally, you can [

Click here to join this action

]. There is no cost or obligation to you.

About

Johnson Fistel

, LLP:

Johnson Fistel

, LLP is a nationally recognized shareholder rights law firm with offices in

California

,

New York

, and

Georgia

. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit