SAN DIEGO, Aug. 30, 2018 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of K2M Group Holdings, Inc. (NASDAQ:
KTWO) ("K2M") breached their fiduciary duties in connection with
the proposed sale of the Company to Stryker Corporation
("Stryker"),(NYSE: SYK). K2M is a medical device company that
provides spine and minimally invasive solutions in the United States and internationally.
On August 30, 2018, K2M announced
that it had signed a definitive merger agreement with Stryker.
Under the terms of the agreement, Stryker will acquire all of the
outstanding shares of K2M for $27.50
per share in cash.
The investigation concerns whether the K2M board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for K2M shares
of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal represents adequate consideration, especially given
one Wall Street analyst has a $29.00
price target on the stock.
If you are a shareholder of K2M and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please
include a phone number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action]
View original
content:http://www.prnewswire.com/news-releases/k2m-ktwo-alert-johnson-fistel-investigates-proposed-sale-of-k2m-group-holdings-inc-are-shareholders-getting-a-fair-deal-300704822.html
SOURCE Johnson Fistel, LLP