COBRA SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation of Cobra Electronics Corp. & Its Board of Directors In...
02 Settembre 2014 - 6:17PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Cobra Electronics Corporation (“Cobra Electronics” or “the
Company”) (NasdaqGM: COBR) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to Monomoy Capital Partners II, L.P.
Click here to learn more about the investigation:
http://zlk.9nl.com/cobra-electronics-corporation-cobr, or
call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Cobra Electronics
shareholders will receive $4.30 for each share of Cobra Electronics
common stock they own. The investigation concerns whether the Board
of Cobra Electronics breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Monomoy
Capital Partners II, L.P. is underpaying for Cobra Electronics
shares. In particular, Cobra Electronics has a reported book value
of $5.83 per share for the most recent quarter. Shareholders
holding approximately 2.6% of Cobra Electronic outstanding shares
of common stock have already agreed to tender their shares.
If you own Cobra Electronics common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/cobra-electronics-corporation-cobr.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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