EQUITY ALERT: The Rosen Law Firm Announces Investigation of Cobra Electronics Corp. (COBR) In Connection with its Sale to Mon...
30 Août 2014 - 5:21AM
Business Wire
The Rosen Law Firm, P.A. is investigating the Board of Directors
of Cobra Electronics Corp. (NASDAQ:COBR) for possible breaches of
fiduciary duties and other violations of law for failing to
adequately shop Cobra Electronics Corp. to maximize shareholder
value before entering into an agreement to be acquired by Monomoy
Capital Partners II, L.P., a private equity firm.
If you would like to join the action go to
http://rosenlegal.com/cases-342.html or please call Phillip Kim,
Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; or email at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the transaction, shareholders will receive
$4.30 in cash for each share of Monomoy Capital Partners II, L.P.
common stock they own. Directors and officers of Cobra Electronics
Corp. holding approximately 2.6% of its outstanding common stock
have already agreed to tender their shares. The investigation
relates to whether the transaction is fair to public shareholders
and whether Cobra Electronics Corp.’ Board of Directors breached
its fiduciary duties in connection with the transaction.
If you currently own Cobra Electronics Corp. and wish to obtain
additional information, please visit the website at
http://rosenlegal.com/cases-342.html. You may also contact Phillip
Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm P.A.Phillip Kim, Esq.Laurence Rosen,
Esq.Kevin Chan, Esq.275 Madison Avenue 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 1-866-767-3653Fax:
212-202-3827pkim@rosenlegal.comlrosen@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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