Law Firm Brower Piven Announces Investigation of Synovis Life Technologies, Inc.
15 Dezember 2011 - 11:44PM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of Synovis Life Technologies, Inc.
(“Synovis”) (NasdaqGS: SYNO) and other violations of state law by
the board of directors of Synovis relating to the proposed
acquisition of the company by Baxter International Inc. (“Baxter”).
The firm’s investigation seeks to determine, among other things,
whether the board breached their fiduciary duties by failing to
maximize shareholder value.
On December 13, 2011, Baxter announced that it had entered into
a definitive agreement to acquire Synovis for $28.00 per share in
cash for each share of Synovis common stock. This represents a
total approximate equity value of $325 million, or $260 million
after adjusting for net cash.
If you currently own shares of Synovis and would like to learn
more about the investigation being conducted by Brower Piven, you
may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling
410/415-6616, or at Brower Piven, A Professional Corporation, 1925
Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower
Piven have combined experience litigating securities and other
class action cases of over 60 years.
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