NEW YORK, Aug. 30, 2018
/PRNewswire/ -- WeissLaw LLP is investigating possible
breaches of fiduciary duty and other violations of law by the Board
of Directors of K2M Group Holdings, Inc. ("KTWO" or the "Company")
(NASDAQ: KTWO) in connection with the proposed acquisition of
the Company by Stryker Corporation ("SYK") (NYSE:SYK). Under
the terms of the acquisition agreement, shareholders will receive
$27.50 in cash for each KTWO share
they own.
WeissLaw is investigating whether KTWO's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the offer price is $1.50
less than the analyst target price of $29.00. Moreover, the Company recently
announced total revenue of $73.6
million in the second quarter of 2018. This represents
an annual increase of approximately 12% on a reported basis when
compared to the figures announced in the same period of the
previous year.
Given these facts, WeissLaw is investigating whether KTWO's
Board acted in the best interests of KTWO's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own KTWO shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/k2m-group-holdings-inc/
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SOURCE WeissLaw LLP