Ryan & Maniskas, LLP Announces Investigation of HealthTronics, Inc.
07 May 2010 - 2:05AM
Business Wire
Ryan & Maniskas, LLP
(www.rmclasslaw.com/cases/healthtronics) has commenced an
investigation into possible breaches of fiduciary duty and other
violations of state law by members of the Board of Directors of
HealthTronics, Inc. (“HealthTronics” or the “Company”)
(NASDAQ:HTRN) in connection with their actions in causing
HealthTronics to enter into a merger agreement with Endo
Pharmaceuticals Holdings, Inc. (“Endo”).
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of HealthTronics. For more information regarding our
investigation please contact Richard A. Maniskas, Esquire
toll-free: (877) 316-3218 or visit:
www.rmclasslaw.com/cases/healthtronics.
Under the proposed agreement, Endo will commence an all cash
tender offer to acquire 100 percent of the outstanding shares of
HealthTronics for approximately $223 million or $4.85 cash per
HealthTronics share plus the assumption of approximately $35
million in net debt. HealthTronics shares that are not acquired in
the tender offer will be purchased at the same price in a
second-step merger.
If you own shares of HealthTronics and would like to learn more
about these claims or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit:
www.rmclasslaw.com/cases/healthtronics. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com. For more information about
class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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