Thoratec Corporation (NASDAQ:THOR) Investor Filed Lawsuit Filed to Halt the Takeover
An investor in NASDAQ:THOR shares filed a lawsuit in effort to halt the proposed takeover of Thoratec Corporation by St. Jude Medical for $63.50 per share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:THOR stockholders by agreeing to sell Thoratec Corporation too cheaply via an unfair process to St. Jude Medical.
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