We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Seagen Inc. (“Seagen” or the “Company”) (NASDAQ: SGEN) in connection with the proposed acquisition of the Company by Pfizer Inc.(NYSE: PFE). Under the terms of the merger agreement, the Company’s shareholders will receive $229.00 in cash for each share of Seagen owned. The transaction is valued at approximately $43 billion.
Weiss Law is investigating whether (i) Seagen’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $229.00 per share merger consideration adequately compensates Seagen’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.