Shareholder Rights Law Firm Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of Liberator Medical Holdi...
20 Noviembre 2015 - 8:05AM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP has
launched an investigation into whether the board members of
Liberator Medical Holdings, Inc. (NYSE: LBMH) breached their
fiduciary duties in connection with the proposed sale of the
Company to C. R. Bard, Inc.
Additional Information:
Liberator Medical distributes direct-to-consumer durable medical
supplies for seniors and others with chronic illness in the United
States.
On November 20, 2015, Liberator Medical announced that it had
signed a definitive merger agreement with C. R. Bard. Under the
terms of the agreement, C. R. Bard will pay $3.35 in cash for each
Liberator Medical share of stock.
The investigation concerns whether Liberator Medical’s board is
acting in the shareholders’ best interests, including whether the
board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for the
Company’s shares of common stock. Nationally recognized Johnson
& Weaver is investigating whether the proposed deal price
represents adequate consideration especially given that one Wall
Street analyst has a $8.00 price target on the stock.
If you are a shareholder of Liberator Medical and
believe the proposed buyout price is too low or you’re
interested in learning more about the investigation or your legal
rights and remedies, please contact lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20151120005494/en/
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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