The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Synovi...
15 Diciembre 2011 - 6:39PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Synovis Life Technologies, Inc. (“Synovis” or the “Company”)
(NASDAQ: SYNO) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Baxter International Inc. (NYSE: BAX). Under the terms of the
transaction, Synovis shareholders will receive $28 per share of
Synovis stock they own. The transaction has a total approximate
value of $325 million.
Click here to learn how to join the action:
http://www.zlk.com/synovis-life-technologies-syno, or call:
877-363-5972.
The investigation concerns whether the Synovis Board of
Directors breached their fiduciary duties to Synovis stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Baxter International Inc. is underpaying
for Synovis shares, thus unlawfully harming Synovis
stockholders.
If you own common stock in Synovis and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
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