NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Millendo Technologies, Inc. (NASDAQ: MLND) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with Tempest Therapeutics, Inc.
Click here to learn more and participate in the action.
On March 29, 2021, Millendo announced that it had signed an agreement to merge with Tempest in an all-stock transaction. Pursuant to the merger agreement, at the close of the merger current Millendo stockholders are expected to own approximately 18.5% of the combined company while current Tempest stockholders will own approximately 81.5%. The deal is scheduled to close in the first half of 2021.
Bragar Eagel & Squire is concerned that Millendo’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Millendo’s stockholders.
If you own shares of Millendo’s and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at email@example.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.