San Diego, CA -- (SBWIRE) -- 02/07/2017 -- The Shareholders Foundation announces that an investor who currently holds shares of Vascular Solutions, Inc. (NASDAQ:VASC), filed a lawsuit against the takeover of Vascular Solutions, Inc. by Teleflex Incorporated for $56.00 per share.

Investors who purchased shares of Vascular Solutions, Inc. (NASDAQ:VASC) and currently hold any of those NASDAQ:VASC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:VASC stockholders by agreeing to sell Vascular Solutions, Inc. too cheaply via an unfair process to Teleflex Incorporated.

On December 2, 2016, Vascular Solutions, Inc. announced that it has entered into an agreement to be acquired by Teleflex Incorporated (NYSE: TFX) for a purchase price of $56.00 per share in cash.

However, plaintiff claims that the proposed consideration NASDAQ:VASC shareholders will receive is grossly inadequate and undervalues Vascular Solutions, Inc. In addition, the plaintiff alleges that the process is also unfair NASDAQ:VASC stockholders. The plaintiff claims that the defendants agreed to preclusive deal protection devices, such as a no solicitation and a $35 million termination fee provision, that are detrimental to NASDAQ:VASC shareholders as they deter other bidders from making a superior offer for Vascular Solutions, Inc.

Shares of Vascular Solutions, Inc. (NASDAQ:VASC) closed on February 6, 2017 at $56.10 per share.

Those who are current investors in Vascular Solutions, Inc. shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com