We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Prometheus Biosciences, Inc. (“Prometheus” or the “Company”) (NASDAQ: RXDX), in connection with its acquisition by Merck & Co., Inc. (NYSE: MRK). Under the merger agreement, Prometheus shareholders will receive $200.00 cash per share. The transaction value is approximately $10.8 billion.
Weiss Law is investigating whether (i) Prometheus’ board acted in the best interests of Company shareholders in agreeing to the merger, (ii) the per share merger consideration adequately compensates Prometheus’ shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.