Law Offices of Howard G. Smith Announces Investigation of Palomar Medical Technologies Inc.
19 Março 2013 - 2:20PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
Palomar Medical Technologies Inc. (“Palomar Medical” or the
“Company”) (NASDAQ: PMTI) related to the proposed acquisition of
the Company by Cynosure Inc. Under the terms of the transaction,
valued at approximately $294 million, shareholders will receive
$6.825 in cash and $6.825 in Cynosure common stock for each share
of Palomar Medical share they own.
This investigation concerns the Board of Directors’ process for
consideration of the proposed acquisition, and whether Palomar
Medical is acting in its shareholders’ best interests. The Company
has seen substantial recent growth. Its share price has skyrocketed
from $7.18 on November 14, 2012 to $12.62 on March 15, 2013.
Further, at least one analyst has set a target price for the
Company’s stock at $14.50 per share.
If you are a shareholder of Palomar Medical, if you have
information or would like to learn more about our investigation, 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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