SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Volcano Corp. And Encourages Investors To...
December 18 2014 - 5:09PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Volcano Corporation (“Volcano” or
the “Company”) (Nasdaq: VOLC) relating to the proposed buyout of
the Company by Royal Philips (“Philips”).
On December 17, 2014, Volcano and Philips announced the signing
of a definitive merger agreement pursuant to which Philips will
acquire Volcano in a transaction valued at approximately $1.2
billion. Under the terms of the transaction, shareholders of
Volcano are expected to receive $18.00 in cash for each share of
Volcano common stock they own. The transaction is expected to close
in the first quarter of 2015, though Volcano shareholders will most
likely be asked to vote on the transaction well before that
time.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of Volcano and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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