NEW YORK, Nov 12, 2010 (BUSINESS WIRE) -- The Law Office of Joseph Klein is investigating the Board of Directors of BMP Sunstone Corporation ("BMP Sunstone" or the "Company") (NasdaqGM: BJGP) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Sanofi-Aventis S.A. ("Sanofi-Aventis") (NYSE: SNY). Under the terms of the deal, BMP Sunstone shareholders will receive $10.00 in cash per share for a total transaction value of approximately $520.6 million. BMP Sunstone's board of directors has unanimously approved the transaction.
The investigation concerns whether the BMP Sunstone Board of Directors breached their fiduciary duties to BMP Sunstone stockholders by failing to adequately shop the Company before entering into this transaction and whether EQI Acquisition is underpaying for BMP Sunstone shares.
If you own common stock in BMP Sunstone and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www.jkleinlawfirm.com/bmpsunstone-bjgp.html.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation.
SOURCE: Law Office of Joseph Klein CONTACT: The Law Office of Joseph Klein Joseph Klein, Esq. 1560 East 27th Street Brooklyn, NY 11229 Telephone: (718) 947-0005 Fax: (718) 799-1443 Toll Free: (877) STOK-180 (877-786-5180) E-Mail: jk@jkleinlawfirm.com The Web: www.jkleinlawfirm.com Copyright Business Wire 2010 -0- KEYWORD: United States
North America
New York INDUSTRY KEYWORD: Professional Services
Legal SUBJECT CODE: Lawsuit