Bull & Lifshitz, LLP Announces Investigation of Synovis Life Technologies, Inc.
17 12월 2011 - 11:51PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Synovis Life Technologies, Inc. (Nasdaq: SYNO) (referred to
as "Synovis" or the “Company”) to Baxter International Inc.
(“Baxter”) in a cash transaction valued at approximately $325
million of equity value or $260 million, after adjusting for the
net cash.
Under the terms of the merger agreement, at the effective time
of the merger (the "Effective Time"), each share of common stock
this is issued and outstanding immediately prior to the Effective
Time (other than Synovis common stock owned directly or indirectly
by Baxter or any subsidiary of Synovis, which shall be cancelled
without payment of any consideration, and Synovis common stock for
which dissenters' rights have been validly exercised and not
withdrawn) will be converted at the Effective Time into the right
to receive $28.00 in cash.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Synovis common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Synovis and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Synovis.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
Synovis Life Technologies, Inc. (MM) (NASDAQ:SYNO)
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Synovis Life Technologies, Inc. (MM) (NASDAQ:SYNO)
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