Faruqi & Faruqi, LLP Announces Investigation into Possible Breaches of Fiduciary Duties by the Board of Zoll Medical Corp. in...
14 Marzo 2012 - 10:12AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Zoll Medical Corp. (“Zoll” or the “Company”) (NASDAQ:
ZOLL) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Tokyo-based
Asahi Kasei Corp., in an all-cash deal valued at about $2.21
billion. Under the terms of the proposed transaction, Zoll
stockholders will receive $93 in cash for each share of Zoll common
stock they own, while according to Yahoo! Finance, at least one
financial analyst has set a price target of $100 for Zoll. The
proposed transaction is structured as a tender offer and may be
effectuated without a shareholder vote.
Request more information now by clicking here:
www.faruqilaw.com/ZOLL. There is no cost or obligation to you.
Whether Zoll’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues Zoll’s
shares and by how much this proposed transaction undervalues the
Company to the detriment of Zoll’s shareholders are the key focus
of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Zoll and wish to obtain additional
information and protect your investment free of charge, please
visit us at www.faruqilaw.com/ZOLL or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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