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Wolf Popper LLP Investigates the Proposed Acquisition of Asterias Biotherapeutics, Inc. by BioTime, Inc.

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NEW YORK, Nov. 8, 2018 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Asterias Biotherapeutics, Inc. (NYSE:AST) concerning the proposed acquisition of Asterias by BioTime, Inc.  According to Carl Stine, a partner at Wolf Popper LLP, "BioTime seems to be trying to use its 40% ownership and insider knowledge to force through a transaction that would provide Asterias shareholders with what appears to be a drastically unfair exchange ratio."    

Under the terms of the proposed acquisition, Asterias's shareholders will receive only $1.49 per share in BioTime common stock.  Price targets of every analyst who provides such targets are $12.00, $11.00, $6.00, and $5.50 per share.  Asterias shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or cstine@wolfpopper.com.

Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits.  Ten Wolf Popper attorneys were named Super Lawyers or Rising Stars in the 2018 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area.  View Wolf Popper attorney biographies at www.wolfpopper.com.

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Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com

 

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SOURCE Wolf Popper LLP

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