VOLCANO ALERT: Johnson & Weaver, LLP Investigates the Fairness of Price & Process in Proposed Sale of Volcano Corp. to Royal ...
December 17 2014 - 9:25AM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP has
launched an investigation into whether the board members of Volcano
Corporation (NASDAQ: VOLC) breached their fiduciary duties in
connection with the proposed sale of the company to Royal Philips
NV.
Additional Information:
Volcano designs, develops, manufactures, and commercializes a
suite of precision guided therapy tools.
On December 17, 2014, Volcano and Royal Philips entered into an
agreement whereby Royal Philips will acquire Volcano. Under the
terms of the transaction, Royal Philips will offer $1 billion for
Volcano's stock, or $18 per share. Earlier this year Volcano stock
traded at $24.62 per share.
The investigation concerns whether Volcano’s board failed to
satisfy their duties to the Company’s shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Volcano shareholders.
If you are a shareholder of Volcano and believe the proposed
buyout price is too low and you’re interested in learning more
about the investigation or your legal rights and remedies, please
contact lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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