BALA CYNWYD, Pa., Feb. 5, 2014 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of ArthroCare
Corporation, Inc. ("ArthroCare" or the "Company") (Nasdaq: ARTC)
relating to the acquisition by Smith & Nephew plc ("Smith &
Nephew").
Click here to learn more about the investigation
http://brodsky-smith.com/718-artc-arthrocare-corporation.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, ArthroCare shareholders will
receive only $48.25 in cash for each
share of ArthroCare stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of ArthroCare for not acting in the
Company's shareholders' best interests in connection with the sale
process. The transaction may undervalue the Company as ArthroCare
stock traded above the sale price at $49.84 after the transaction was announced on
February 4, 2014 and an analyst has
set a $60.00 per share price target
on ArthroCare stock. In addition, the premium being paid to
ArthroCare shareholders is substantially below the premium that has
been paid for comparable transaction in the last three
years.
If you own shares of ArthroCare common stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/718-artc-arthrocare-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Law Office of Brodsky & Smith, LLC