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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Micrus Endovascular Corporation

^{Published on 2010-07-12 19:00:40 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Micrus Endovascular Corporation (aMicrus Endovasculara or the aCompanya) (NASDAQ:MEND) related to the Companya™s agreement to be acquired by Johnson & Johnson. The proposed cash transaction is valued at approximately $480 million.

Under the terms of the definitive agreement entered into by the parties, Micrus Endovascular shareholders will receive at closing $23.40 in cash for each Micrus share they own. Micrus shares traded as high as $22.29 as recently as July 9, 2010. The transaction is expected to close in the second half of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Micrus Endovasculara™s board of directors.

If you own shares of Micrus Endovascular, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].