Cardiac Science Corp (MM) (NASDAQ:CSCX)
Historical Stock Chart
5 Years : From Jul 2011 to Jul 2016
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Cardiac
Science Corporation (“Cardiac Science” or the “Company”) (NASDAQ: CSCX)
for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Opto Circuits Limited. The
proposed transaction offers Cardiac Science shareholders to only receive
$2.30 per share in cash. The transaction is structured as a tender offer
which may obviate the need for a shareholder vote. According to Thomson/First
Call, at least one financial analyst values Cardiac Science’ common
stock at $6.00 per share.
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Whether the Cardiac Science’s Board of Directors breached their
fiduciary duties to Cardiac Science’s stockholders by failing to conduct
an adequate and fair sales process to sell the Company prior to agreeing
to this proposed transaction, whether the proposed transaction
undervalues Cardiac Science’s shares and by how much this proposed
transaction undervalues the Company to the detriment of Cardiac Science
shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, through all
phases of litigation. The firm has an experienced trial team which has
achieved significant victories on behalf of the firm’s clients.
If you own common stock in Cardiac Science and wish to obtain additional
information, please visit us at www.faruqilaw.com/cscx
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
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