NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. is investigating the Board of Directors of Cobra Electronics Corp. (NASDAQ:COBR) for possible breaches of fiduciary duties and other violations of law for failing to adequately shop Cobra Electronics Corp. to maximize shareholder value before entering into an agreement to be acquired by Monomoy Capital Partners II, L.P., a private equity firm.
If you would like to join the action go to http://rosenlegal.com/cases-342.html or please call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; or email at firstname.lastname@example.org or email@example.com. There is no cost or obligation to you.
Under the terms of the transaction, shareholders will receive $4.30 in cash for each share of Monomoy Capital Partners II, L.P. common stock they own. Directors and officers of Cobra Electronics Corp. holding approximately 2.6% of its outstanding common stock have already agreed to tender their shares. The investigation relates to whether the transaction is fair to public shareholders and whether Cobra Electronics Corp.’ Board of Directors breached its fiduciary duties in connection with the transaction.
If you currently own Cobra Electronics Corp. and wish to obtain additional information, please visit the website at http://rosenlegal.com/cases-342.html. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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