Law Offices of Howard G. Smith Announces Investigation of ArthroCare Corporation
10 Février 2014 - 8:34PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
ArthroCare Corporation (“ArthroCare” or the “Company”)
(NASDAQ:ARTC) related to the proposed acquisition of the Company by
Smith & Nephew. The transaction is valued at approximately $1.7
billion, or $48.25 per share.
This investigation concerns whether the Board of Directors of
ArthroCare breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth. Its
share price has skyrocketed from $31.67 on August 30, 2013 to
$47.94 on January 23, 2013.
If you are a shareholder of ArthroCare, if you have information
or would like to learn more about our investigation, 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.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847 or Toll Free:
888-638-4847howardsmith@howardsmithlaw.comhttp://www.howardsmithlaw.com
Arthrocare Corp. (MM) (NASDAQ:ARTC)
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