The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
18 Outubro 2010 - 1:35PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
AGA Medical Holdings, Inc. (“AGA Medical” or the “Company”)
(NasdaqGS:AGAM) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to St. Jude Medical, Inc. (“St. Jude Medical”)
(NYSE:STJ). Under the terms of the transaction, AGA Medical
shareholders will receive $20.80 in cash and/or St. Jude Medical
common stock for each share of AGA Medical common stock, for a
total transaction value of approximately $1.3 billion, including
the assumption of debt. Certain shareholders affiliated with Welsh
Carson Anderson & Stowe, holding approximately 44 percent of
AGA Medical’s outstanding common stock and AGA Medical’s co-founder
Franck Gougeon, holding approximately 19 percent of AGA Medical’s
outstanding common stock, have confirmed their intention to tender
all of their shares into the offer.
Click here to learn how to join the action:
http://www.zlk.com/agamedical-agam.html, or call: 877-363-5972.
The investigation concerns whether the AGA Medical Board of
Directors breached their fiduciary duties to AGA Medical
stockholders by failing to adequately shop the Company before
entering into this transaction and whether St. Jude Medical is
underpaying for AGA Medical shares, thus unlawfully harming AGA
Medical stockholders.
If you own common stock in AGA Medical 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://www.zlk.com/agamedical-agam.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below.
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