BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Wright Medical Group, Inc. (“Wright Medical” or the “Company”) (Nasdaq: WMGI) relating to the proposed acquisition by Tornier N.V. (“Tornier”).
Click here to learn more about the investigation http://brodsky-smith.com/842-wmgi-wright-medical-group-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Wright Medical shareholders will receive only 1.0309 shares of Tornier for each share of Wright Medical stock they own. The proposed transaction values Wright Medical at only approximately $24.79 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Wright Medical for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the company and may result in a loss for many Wright Medical shareholders. For example, Wright Medical stock traded at $33.80 per share on February 24, 2014 and an analyst has set a $40.00 per share price target on Wright Medical stock.
If you own shares of Wright Medical common stock and wish to discuss the legal ramifications of the investigation, 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 firstname.lastname@example.org, by visiting http://brodsky-smith.com/842-wmgi-wright-medical-group-inc.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.