Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of ATS Medical, Inc.
30 Abril 2010 - 10:00PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
ATS Medical, Inc. (“ATS” or the “Company”) (Nasdaq:ATSI) related to
the Company’s agreement to be acquired by Medtronic, Inc.
(“Medtronic”). The all-cash transaction is valued at approximately
$370 million, including assumed debt.
Under the terms of the definitive agreement entered into by the
parties, ATS shareholders will receive $4.00 in cash for each share
of the Company’s common stock they own. Upon completion of the
merger, a subsidiary of Medtronic will merge with and into ATS, and
ATS will become a wholly owned subsidiary of Medtronic. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the transaction by
the ATS board of directors.
If you own shares of ATS, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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