Harwood Feffer LLP Announces Investigation of Tobira Therapeutics, Inc.

NEW YORK, Sept. 21, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Tobira Therapeutics, Inc. ("Tobira" or the "Company") (NASDAQ: TBRA) concerning the proposed acquisition of the Company by Allergan Plc ("Allergan").

Under the terms of the offer, Allergan would acquire Tobira in a transaction valued at approximately $1.7 billion.  Pursuant to the deal, Tobira stockholders will receive $28.35 per share in cash, plus one non-transferrable contingent value right per share to receive one or more payments in cash of up to $49.84 per share total, contingent upon the achievement of certain milestones. 

Our investigation concerns whether the Tobira board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Tobira shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.

Benjamin I. Sachs-Michaels, Esq.

Craig Lowther

Harwood Feffer LLP

488 Madison Avenue

New York, New York 10022

Phone Numbers: (877) 935-7400

(212)935-7400

Email:  bsachsmichaels@hfesq.com

Website:   http://www.hfesq.com 

Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP