The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Synovis Life...
December 15 2011 - 10:24AM
Marketwired
Levi & Korsinsky notifies investors of Synovis Life
Technologies, Inc. ("Synovis" or the "Company") (NASDAQ: SYNO) of
claims of breaches of fiduciary duty and other violations of state
law against the board of directors of the Company in connection
with the sale of the Company to Baxter International Inc. (NYSE:
BAX). Under the terms of the transaction, Synovis shareholders will
receive $28 per share of Synovis stock they own. The transaction
has a total approximate value of $325 million. A complaint was
filed in Minnesota state court.
Click here to learn how to join the action:
http://zlk.9nl.com/synovis-life-technologies-syno, or call:
877-363-5972.
The claims concern whether the Synovis Board of Directors
breached their fiduciary duties to Synovis stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Baxter International Inc. is underpaying
for Synovis shares, thus unlawfully harming Synovis
stockholders.
If you own common stock in Synovis 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
http://www.zlk.com/synovis-life-technologies-syno.html.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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