Robbins Umeda LLP Announces an Investigation of the Acquisition of ev3 Inc. by Covidien plc
02 Junho 2010 - 2:02PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors of ev3 Inc. ("ev3" or the
"Company") (NASDAQ: EVVV) in connection with their actions in
causing ev3 to enter into a definitive merger agreement to be
acquired by Covidien plc ("Covidien") (NYSE: COV). If the
transaction is completed, ev3 shareholders will receive $22.50 in
cash for each share of ev3 common stock they hold. The transaction,
which will take the form of an all-cash tender offer by a
wholly-owned subsidiary of Covidien followed by a second-step
merger, is expected to be completed by July 31, 2010.
Robbins Umeda LLP's investigation concerns whether the Board of
Directors of ev3 undertook a fair process to obtain fair
consideration for all shareholders of ev3. Of particular note is
that the Company had recently been upgraded to "market outperform"
by BMO Capital Markets.
If you are a shareholder of ev3 and would like more information
about your rights as a shareholder, please contact attorney Gregory
E. Del Gaizo at 800-350-6003 or by e-mail at
inquiry@robbinsumeda.com.
Robbins Umeda LLP is a California-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 go to http://www.robbinsumeda.com.
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