Shareholder Alert: Ademi LLP investigates whether ImmunoGen, Inc. has obtained a Fair Price in its transaction with AbbVie

MILWAUKEE, Nov. 30, 2023 /PRNewswire/ -- Ademi LLP is investigating ImmunoGen, Inc. (NASDAQ: IMGN) for possible breaches of fiduciary duty and other violations of law in its transaction with AbbVie.

Click here to learn how to join the https://www.ademilaw.com/case/immunogen-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, ImmunoGen stockholders are expected to receive only $31.26 per share in cash. The transaction values ImmunoGen at a total equity value of approximately $10.1 billion. The transaction agreement unreasonably limits competing transactions for ImmunoGen by imposing a significant penalty if ImmunoGen accepts a competing bid. ImmunoGen insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of ImmunoGen's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own ImmunoGen common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/immunogen-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                    
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP