We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of VectivBio Holding AG (“VectivBio” or the “Company”) (NASDAQ: VECT) in connection with its acquisition by Ironwood Pharmaceuticals, Inc. (NASDAQ: IRWD) via tender offer. Under the merger agreement, the Company’s shareholders will receive $17.00 cash per share.
Weiss Law is investigating whether (i) VectivBio’s board acted in the best interests of Company shareholders in agreeing to the merger, (ii) the $17.00 merger consideration adequately compensates VectivBio’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, the merger consideration is below the $22 median price target set by analysts, and at least one analyst set a price target for the Company of $30 per share, $13.00 above the merger price.