We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Abiomed, Inc. (“Abiomed” or the “Company”) (NASDAQ: ABMD), in connection with its proposed tender offer by Johnson & Johnson (NYSE: JNJ). Under the tender offer, the Company’s shareholders will receive $380.00 in cash, reflecting an enterprise value of approximately $16.6 billion, and a non-tradeable contingent value right (CVR) entitling the holder to receive up to $35.00 for each share of Abiomed common stock owned.
Weiss Law is investigating whether (i) Abiomed’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the form and amount of the tender offer consideration adequately compensates Abiomed’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.