WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Volcano Corporation (NASDAQ GS: VOLC)?
- Did you purchase any of your shares prior to December 17, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Volcano Corporation (“Volcano” or the “Company”) (NASDAQ GS: VOLC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Royal Philips N.V. (“Philips”), in a transaction valued at approximately $1.2 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/volcano-corporation-volc.
Under the terms of the agreement, public shareholders of Volcano would receive $18.00 in cash for each share of Volcano they own.
The investigation concerns whether Volcano’s board of directors failed to adequately shop the Company and obtain the best possible value for Volcano’s shareholders before entering into an agreement with Philips.
If you own the common stock of Volcano and purchased your shares before December 17, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/volcano-corporation-volc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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