INVESTOR ALERT - Buyout Of ArthroCare - Shareholder Rights Law Firm Tripp Levy PLLC Seeks Higher Price And More Information For Shareholders

NEW YORK, Feb. 3, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading securities and shareholder rights law firm that represents shareholders throughout the nation, announces that it is investigating the acquisition of ArthroCare Corp. ("ARTC") on behalf of shareholders. Smith & Nephew Plc agreed to acquire ArthroCare for $1.7 billion.  ArthroCare shareholders will receive $48.25 a share in cash.

The investigation concerns whether the board of directors and senior management of ArthroCare breached their fiduciary duties by not engaging in a full and fair auction and process to sell the company so that shareholders received the maximum value for their shares.  Indeed, analysts have projected that the true going forward inherent value of the company is worth at least $60 per share and the stock traded as high as $49.95 per share less than a month ago.  Further, the company has no long term debt and has over $208 million in cash or $7.35 per share.

If you are a shareholder of ArthroCare and would like additional information regarding this matter, at no cost or expense, please contact us at:

Tripp Levy PLLC
New York, New York
Toll free: 1-877-772-3975
Email: [email protected]
www.tripplevy.com

Tripp Levy PLLC is a leading securities and shareholder rights law firm that has extensive experience in mergers and takeovers, and has assisted in the recovery of hundreds of millions of dollars for shareholders around the globe.  Attorney advertising.  Prior results do not indicate a similar outcome.

SOURCE Tripp Levy PLLC

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED