LawFuel.com — 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”) ARTC +0.53% relating to the acquisition by Smith & Nephew plc (“Smith & Nephew”).
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 email@example.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.
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