We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Dicerna Pharmaceuticals, Inc. (“Dicerna” or the “Company”) (NASDAQ: DRNA) in connection with the proposed acquisition of the Company by Novo Nordisk. Under the terms of the merger agreement, the Company’s shareholders will receive $38.25 per share in cash for each share of Dicerna common stock that they hold. The all-cash transaction is valued at $3.3billion.
WeissLaw LLP is investigating whether (i) Dicerna’s board of directors acted in the best interest of Dicerna’s shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Dicerna’s shareholders, and (iii) whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed.