The Law Offices of Vincent Wong Announces Investigates into the Possible Breaches of Fiduciary Duty by the Board of AGA Medic...
19 Outubro 2010 - 4:57PM
Business Wire
The Law Offices of Vincent Wong 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). The transaction is valued at approximately $1.3
billion, including the assumption of debt and, under the terms of
the proposed deal, AGA Medical shareholders will receive $20.80 in
cash and/or St. Jude Medical common stock per share of AGA Medical
common stock they own.
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.
The investigation concerns whether the AGA Medical Board of
Directors breached their fiduciary duties to AGA Medical
stockholders by failing to properly shop the Company before
entering into this transaction and whether St. Jude Medical has
failed to offer fair consideration for AGA Medical shares.
If you own common stock in AGA Medical and wish to obtain
additional information, please contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/agamedical-agam.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights.
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