Bernstein Liebhard LLP Announces Investigation of Acquisition of Micrus Endovascular Corp. by Johnson & Johnson
12 Luglio 2010 - 6:36PM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of Micrus Endovascular Corp. (“Micrus” or the “Company”)
(NASDAQ: MEND) breached its fiduciary duty to its shareholders in
agreeing to sell Micrus to Johnson & Johnson (“J&J”) (NYSE:
JNJ).
Under the terms of the agreement, Micrus shareholders will
receive $23.40 in cash for each share they own, a small premium
compared to the Company’s closing price on Friday, placing the
total value of the transaction at approximately $480 million.
J&J expects the deal to close in the second half of 2010. The
investigation is focused on the potential unfairness of the price
to Micrus shareholders and the process by which the Micrus Board of
Directors considered and approved the transaction.
If you are interested in discussing your rights as a Micrus
shareholder and/or have information relating to the matter, please
contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered almost $3 billion for
its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last seven years.
Bernstein Liebhard LLP10 East 40th StreetNew York, New York
10016(877) 779-1414www.bernlieb.com
ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
Grafico Azioni Micrus Endovascular (MM) (NASDAQ:MEND)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Micrus Endovascular (MM) (NASDAQ:MEND)
Storico
Da Feb 2024 a Feb 2025
Notizie in Tempo Reale relative a Micrus Endovascular (MM) (NASDAQ): 0 articoli recenti
Più Bernstein Liebhard LLP Articoli Notizie