Ademi LLP is investigating Lantheus (NASDAQ: LNTH) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Curium.
Lantheus shareholders will receive $102.50 per share in cash at closing, plus non-transferable Contingent Value Rights worth up to $12.00 per share, bringing the total potential consideration to $114.50 per share. The CVR payments are contingent on the achievement of specified commercial sales milestones across Lantheus’ prostate cancer diagnostics, neurology diagnostics, and DEFINITY product lines through 2030.
Lantheus insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Lantheus by imposing a significant penalty if Lantheus accepts a competing bid. We are investigating the conduct of the Lantheus board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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