An investigation on behalf of investors of Symmetry Surgical Inc (NASDAQ:SSRG) in connection with the proposed takeover was announced and NASDAQ:SSRG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/10/2016 -- The acquisition of Antioch, TN based global marketer and distributor of medical devices Symmetry Surgical Inc is under investigation concerning potential wrongdoing The investigation was announced on behalf of investors, who currently hold NASDAQ:SSRG shares, over whether the takeover of Symmetry Surgical Inc by an affiliate of RoundTable Healthcare Partners for $13.10 per share is unfair.
Investors who purchased shares of Symmetry Surgical Inc (NASDAQ:SSRG) and currently hold any of those NASDAQ:SSRG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Symmetry Surgical Inc breached their fiduciary duties owed to NASDAQ:SSRG investors in connection with the proposed acquisition.
On May 02, 2016 Symmetry Surgical Inc (NASDAQ:SSRG) announced that it has entered into an agreement to be acquired with an equity value of $140.3 million by an affiliate of private equity firm RoundTable Healthcare Partners. Under the terms of the agreement, Symmetry Surgical Inc (NASDAQ:SSRG) shareholders will receive $13.10 in cash for each share of Symmetry Surgical Inc common stock.
However, the investigation concerns whether the offer is unfair to NASDAQ:SSRG stockholders. More specifically, the investigation concerns whether the Symmetry Surgical 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.
On May 6, 2016, NASDAQ:SSRG shares closed at $12.87 per share.
Those who are current investors in Symmetry Surgical 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