Shareholder Alert: Ademi LLP Investigates Whether Entero Therapeutics, Inc. Is Obtaining a Fair Price for Its Public Shareholders
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Ademi LLP is investigating Entero Therapeutics, Inc. (Nasdaq: ENTO) for potential breaches of fiduciary duty in its transaction with Journey, where Journey shareholders will acquire 99% of Entero's equity.
November 14, 2024 | 3:00 am
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Ademi LLP is investigating Entero Therapeutics for potential breaches of fiduciary duty in its transaction with Journey, where Journey shareholders will acquire 99% of Entero's equity.
The investigation by Ademi LLP into potential breaches of fiduciary duty could negatively impact Entero's stock price due to legal uncertainties and shareholder concerns. The transaction involves a significant equity transfer, which may not be favorable to current shareholders.
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RELEVANCE 100