|[February 03, 2014]
ArthroCare Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Acquisition by Smith & Nephew
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of ArthroCare Corporation ("ArthroCare") (NasdaqGS: ARTC)
related to the acquisition by Smith & Nephew, Inc. for shareholders.
Under the terms of the definitive merger agreement valued at
approximately $1.7 billion, ArthroCare shareholders will only receive
$48.25 in cash for each share owned, well below at leastone analyst's
estimated value of $60 per share.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Zach Groover at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The ArthroCare investigation centers on whether ArthroCare's Board of
Directors is acting in the shareholders' best interests, whether the
board is properly considering the proposed price for the shareholders,
and whether the board has employed an adequate process to review and act
on the proposed transaction. Notably, at least one analyst with Yahoo!
Finance estimates the true inherent value could be as high as $60.
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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