INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of SOLTA MEDICAL, INC. & Its Board of Directors In Relation to t...
16 Décembre 2013 - 7:13PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Solta Medical, Inc. (“Solta Medical”) (NasdaqGS: SLTM) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Valeant Pharmaceuticals
International, Inc. NYSE: VRX).
Click here to learn more about the action
http://zlk.9nl.com/solta-medical-sltm/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, Solta Medical shareholders will
receive $2.92 in cash for each share of Solta Medical stock they
own. The transaction has a total approximate value of $250 million.
The investigation concerns whether the Solta Medical Board of
Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into this transaction, and whether Valeant Pharmaceuticals
International, Inc. is underpaying for Solta Medical shares. In
particular, at least one analyst set a price target for Solta
Medical stock at $4.00 per share.
If you own Solta Medical common stock 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 visit
http://zlk.9nl.com/solta-medical-sltm/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212)
363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510www.zlk.com
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