Finkelstein Thompson LLP Announces Investigation of ev3 Inc.
01 Junio 2010 - 4:39PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of ev3 Inc. (“ev3” or the “Company”)
(Nasdaq:EVVV) arising from the Company’s announcement of its intent
to be acquired by Covidien plc (“Covidien”). Under the terms of the
agreement, ev3 shareholders will receive $22.50 in cash for every
share of ev3 stock they own in a transaction valued at
approximately $2.6 billion.
The investigation is focused on the potential unfairness of the
consideration to ev3’s shareholders and the process by which ev3’s
Board of Directors considered and approved the transaction.
Specifically, at least one analyst has set a target price of $27
per share for the Company’s stock, and ev3 shares have increased by
over forty percent in the last year.
If you are interested in discussing your rights as an ev3
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney
advertising. Prior results do not guarantee similar outcomes.
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