The Law Offices of Vincent Wong Announces Investigates into the Possible Breaches of Fiduciary Duty by the Board of AGA Medical Holdings, Inc. in Connection with the Proposed Transaction With St. Jude Medical, Inc. – AGAM

NEW YORK--()--The Law Offices of Vincent Wong is investigating the Board of Directors of AGA Medical Holdings, Inc. (“AGA Medical” or the “Company”) (NasdaqGS:AGAM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to St. Jude Medical, Inc. (“St. Jude Medical”) (NYSE:STJ). The transaction is valued at approximately $1.3 billion, including the assumption of debt and, under the terms of the proposed deal, AGA Medical shareholders will receive $20.80 in cash and/or St. Jude Medical common stock per share of AGA Medical common stock they own.

Certain shareholders affiliated with Welsh Carson Anderson & Stowe, holding approximately 44 percent of AGA Medical’s outstanding common stock and AGA Medical’s co-founder Franck Gougeon, holding approximately 19 percent of AGA Medical’s outstanding common stock, have confirmed their intention to tender all of their shares into the offer.

The investigation concerns whether the AGA Medical Board of Directors breached their fiduciary duties to AGA Medical stockholders by failing to properly shop the Company before entering into this transaction and whether St. Jude Medical has failed to offer fair consideration for AGA Medical shares.

If you own common stock in AGA Medical and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/agamedical-agam.html.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.

Contacts

The Law Offices of Vincent Wong
Vincent Wong, Esq., 212-584-2740
Fax: 866-367-6510
vw@wongesq.com

Release Summary

The Law Offices of Vincent Wong is investigating the Board of Directors of AGA Medical Holdings, Inc. (NasdaqGS:AGAM) for possible breaches of fiduciary duty and other violations of state law

Contacts

The Law Offices of Vincent Wong
Vincent Wong, Esq., 212-584-2740
Fax: 866-367-6510
vw@wongesq.com