Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Micrus Endovascular Corporation
12 Julio 2010 - 8:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Micrus Endovascular Corporation (“Micrus Endovascular” or the
“Company”) (NASDAQ:MEND) related to the Company’s agreement to be
acquired by Johnson & Johnson. The proposed cash transaction is
valued at approximately $480 million.
Under the terms of the definitive agreement entered into by the
parties, Micrus Endovascular shareholders will receive at closing
$23.40 in cash for each Micrus share they own. Micrus shares traded
as high as $22.29 as recently as July 9, 2010. The transaction is
expected to close in the second half of 2010. The investigation
concerns possible breaches of fiduciary duty and other violations
of law related to approval of the proposed transaction by Micrus
Endovascular’s board of directors.
If you own shares of Micrus Endovascular, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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