NEW YORK, March 22, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of
Restoration Robotics, Inc. ("HAIR" or the "Company") (NASDAQ: HAIR)
in connection with the proposed acquisition of the Company by Venus
Concept Ltd. ("Venus Concept"). Under the terms of the
acquisition agreement, HAIR shareholders will own a meager 15% of
the combined company, as compared to a whopping 85% stake held by
Venus Concepts shareholders.
If you own HAIR shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/restoration-robotics-inc/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether HAIR's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the company recently announced positive financial
results. It reported revenue of $6.7
million in the fourth quarter of 2018, representing an
increase of 14% annually when compared to the figures reported in
the period of the previous year.
Moreover, the deal is a strategic transaction which Venus
Concept hopes to leverage to diversify its portfolio.
According to Domenic Serafino,
Chairman and CEO Venus Concept, the
acquisition of HAIR will enable Venus Concept "to offer an
end-to-end portfolio of minimally invasive solutions, unique from
competitors in the hair restoration market today."
Given these facts, WeissLaw is concentrating its investigation
on whether HAIR's Board conducted a fair process in agreeing to the
proposed acquisition, whether the proposed acquisition undervalues
the Company, and whether all material information related to the
proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-restoration-robotics-inc-300817077.html
SOURCE WeissLaw LLP