An investigation on behalf of investors of Cobra Electronics Corporation (NASDAQ:COBR) in connection with the proposed takeover was announced and NASDAQ:COBR stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 09/02/2014 --An investigation on behalf of investors, who currently hold shares of Cobra Electronics Corporation (NASDAQ:COBR), was announced concerning whether the takeover of Cobra Electronics Corporation at $4.30 per share is unfair to NASDAQ:COBR stockholders.

Investors who purchased shares of Cobra Electronics Corporation (NASDAQ:COBR) and currently hold any of those NASDAQ:COBR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Cobra Electronics Corporation breached their fiduciary duties owed to NASDAQ:COBR investors in connection with the proposed acquisition.

On August 28, 2014, Cobra Electronics Corporation (NASDAQ: COBR) and New York private equity fund Monomoy Capital Partners II, L.P. announced that Cobra Electronics and entities affiliated with Monomoy Capital Partners II, L.P. have executed a merger agreement pursuant to which an affiliate of Monomoy Capital Partners II, L.P. will acquire all of the outstanding shares of common stock of Cobra Electronics Corporation at $4.30 per share in cash.

However, given that directors and officers of Cobra Electronics Corporation holding approximately 2.6% of Cobra Electronics' outstanding shares of common stock, on a fully diluted basis, have already executed support agreements pursuant to which each of them will tender their shares in the tender offer, the investigation concerns whether the offer is unfair to NASDAQ:COBR stockholders. More specifically, the investigation concerns whether the Cobra Electronics Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Cobra Electronics Corporation grew from $2.51 per share to $4.21 per share in July 2014.

On August 29, 2014, NASDAQ:COBR shares closed at $4.27 per share.

Those who are current investors in Cobra Electronics Corporation (NASDAQ:COBR) 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