SAN DIEGO, Sept. 11, 2018 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Invuity, Inc. (NASDAQ: IVTY)
("Invuity") breached their fiduciary duties in connection with the
proposed sale of the Company to Stryker Corporation (NYSE:
SYK).
On September 11, 2018, Invuity
announced that it had signed a definitive merger agreement with
Stryker. Under the terms of the agreement, Invuity stockholders
will receive $7.40 per share in
cash.
The investigation concerns whether the Invuity board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Invuity
shares of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal price represents adequate consideration, especially
given Wall Street analysts' projections for Invuity's future
revenue growth. The 52-week high for Invuity was $9.55.
If you are a shareholder of Invuity 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@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, 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
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action]
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SOURCE Johnson Fistel, LLP