SAN DIEGO and PLEASANTON,
Calif., July 22, 2015 /PRNewswire/
-- Shareholder rights attorneys at Robbins Arroyo LLP are
investigating the proposed acquisition of Thoratec Corp. (NASDAQ:
THOR) by St. Jude Medical, Inc. (NYSE: STJ). On July 22, 2015, the two companies announced the
signing of a definitive merger agreement pursuant to which St. Jude
will acquire Thoratec. Under the terms of the agreement,
Thoratec shareholders will receive $63.50 for each share of Thoratec common
stock.
View this information on the law firm's Shareholder Rights Blog:
www.robbinsarroyo.com/shareholders-rights-blog/thoratec-corporation
Is the Proposed Acquisition Best for Thoratec and Its
Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board
of directors at Thoratec is undertaking a fair process to obtain
maximum value and adequately compensate its shareholders.
Notably, the $63.50 merger
consideration represents a premium of only 10.3% based on
Thoratec's closing price on July 21,
2015. This premium is significantly below the average one-day
premium of nearly 30% for comparable transactions within the past
five years.
Thoratec shareholders have the option to file a class action
lawsuit to ensure the board of directors obtains the best possible
price for shareholders and the disclosure of material
information. Thoratec shareholders interested in information
about their rights and potential remedies can contact attorney
Darnell R. Donahue at (800)
350-6003, ddonahue@robbinsarroyo.com, or via the shareholder
information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
securities litigation and shareholder rights law. The law
firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1
billion of value for themselves and the companies in which
they have invested.
Attorney Advertising. Past results do not guarantee a
similar outcome.
Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, CA 92101
ddonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
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SOURCE Robbins Arroyo LLP