An investigation on behalf of investors of Wright Medical Group Inc (NASDAQ:WMGI) in connection with the proposed takeover was announced and NASDAQ:WMGI stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 11/03/2014 --An investigation on behalf of investors, who currently hold shares of Wright Medical Group Inc (NASDAQ:WMGI), was announced concerning whether the takeover of Wright Medical Group Inc by Tornier N.V.is unfair to NASDAQ:WMGI stockholders.

Investors who purchased shares of Wright Medical Group Inc (NASDAQ:WMGI) and currently hold any of those NASDAQ:WMGI 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 Wright Medical Group Inc breached their fiduciary duties owed to NASDAQ:WMGI investors in connection with the proposed acquisition.

On October 27, 2014,Wright Medical Group Inc (NASDAQ:WMGI) and Tornier N.V. (NASDAQ: TRNX) announced that they have entered into a merger agreement under which Wright Medical Group Inc and Tornier will combine in an all stock transaction with a combined equity value of approximately $3.3 billion.
Under the terms of the proposed transaction each outstanding share of Wright Medical Group Inc common stock will be exchanged for 1.0309 ordinary shares of Tornier. Based on a closing price of $24.05 per share of Tornier N.V. (NASDAQ: TRNX) on October 27, 2014, each investor in Wright Medical Group Inc will received approximately $24.79 per NASDAQ:WMGI shares they hold.

However, givne that before the takeover news NASDAQ:WMGI traded in the open market as high as $2.00 per share on October 22, 2014, and that at least one analyst has set the high target price for NASDAQ:WMGI shares at $40.00 per share, the
investigation concerns whether the offer is unfair to NASDAQ:WMGI stockholders. More specifically, the investigation concerns whether the Wright Medical Group 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.

Wright Medical Group Inc reported that its annual Total Revenue rose from $214.10 million in 2012 to $242.33 million in 2013 while its Net Income of $5.28 million in 2012 declined to a Net Loss of $273.94 million in 2013. Shares of Wright Medical Group Inc (NASDAQ:WMGI) grew from $16.54 per share in early 2012 to as high as $33.80 per share in February 2014.

On October 30, 2014, NASDAQ:WMGI shares closed at $31.78 per share.

Those who are current investors in Wright Medical Group Inc (NASDAQ:WMGI) 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