NEW YORK, May 27, 2021 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with Aadi Bioscience, Inc.
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On May 17, 2021, Aerpio announced that it had signed an agreement to be acquired by Aadi in an all-stock merger. Pursuant to the merger agreement, at the close of the merger Aerpio stockholders will own approximately 33.2% of the combined company, while Aadi stockholders will own 66.8%. In addition, following the closing of a concurrent PIPE financing, Aerpio stockholders will own only 14.7% of the combined company. The deal is scheduled to close in the third quarter of 2021.
Bragar Eagel & Squire is concerned that Aerpio’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Aerpio’s stockholders.
If you own shares of Aerpio and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at
[email protected]
or telephone at (646) 860-9157, or by
filling out this contact form
. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit
www.bespc.com
. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
[email protected]
www.bespc.com
