We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Imago BioSciences, Inc. (“Imago” or the “Company”) (NASDAQ: IMGO), in connection with the tender offer for the Company by a subsidiary of Merck & Co., Inc. (NYSE: MRK). Under the tender offer terms, the Company’s shareholders will receive $36.00 in cash for each share of Imago common stock owned. The transaction is valued at $1.35 billion.
Weiss Law is investigating whether (i) Imago’s board of directors acted in the best interests of Company shareholders in agreeing to the tender offer, (ii) the $36.00 per-share merger consideration adequately compensates Imago’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.