Inspire Pharmaceuticals shareholders have asked a North Carolina federal judge to block Merck & Co's $430 million offer for Inspire until investors get additional information on how Merck's "shopping" process was conducted and on possible conflicts in the board's decision to recommend the offer.
A motion was filed on 4 May by Inspire shareholder in the US District Court for the Eastern District of North Carolina, Western Division seeking a preliminary injunction to prevent...
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