NEW YORK, Oct. 9, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Senomyx, Inc. ("SNMX" or the "Company") SNMX in connection with the proposed acquisition of the Company by Firmenich Incorporated ("Firmenich").  Under the terms of the acquisition agreement, shareholders will receive $1.50 in cash for each SNMX share they own. 

If you own SNMX shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:

Joshua Rubin

WeissLaw LLP

1500 Broadway, 16^th Floor

New York, NY  10036

(212) 682-3025

(888) 593-4771

stockinfo@weisslawllp.com 

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WeissLaw is investigating whether SNMX's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, SNMX shares traded for $1.50 as recently as May of this year.  Additionally, prior to the acquisition announcement, at least one analyst set a target price of $2.00 per SNMX share.  

Moreover, through this acquisition, Firmenich hopes to leverage SNMX's leadership in taste technologies and natural ingredient pipeline to increase its market positioning and expand its offerings.

Given these facts, WeissLaw is concentrating its investigation on whether SNMX's Board conducted a fair process in agreeing to the proposed acquisition, and whether the proposed acquisition undervalues the Company.    

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com.

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SOURCE WeissLaw LLP