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CEREVEL STOCK UPDATE: Is $45 Per Share Enough for Cerevel (Nasdaq:CERE)? Contact BFA Law about Ongoing Investigation into the Deal Price
CERECerevel Therapeutics Holdings(CERE) GlobeNewswire News Room·2024-06-18 10:13

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating the merger between Cerevel Therapeutics and AbbVie, focusing on potential conflicts and fairness in the transaction process [1][8]. Company Overview - Cerevel Therapeutics announced its acquisition by AbbVie on December 6, 2023, with AbbVie agreeing to pay 45.00pershareincash,valuingCerevelatapproximately45.00 per share in cash, valuing Cerevel at approximately 8.7 billion [2]. Transaction Details - The acquisition has been approved by the boards of directors of both companies and is expected to close in mid-2024 [2]. Legal Investigation - Bleichmar Fonti & Auld LLP believes that the board of directors of Cerevel Therapeutics may have been conflicted and engaged in an unfair process regarding the acquisition terms [8]. - Current shareholders of Cerevel Therapeutics are encouraged to submit their information to explore their legal options [4][8]. Law Firm Background - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm specializing in securities class actions and shareholder litigation, having achieved significant recoveries in past cases [7].