Health & Fitness
Health and Fitness
Health and Fitness
Tue, October 19, 2010
Mon, October 18, 2010
The Briscoe Law Firm Investigates AGA Medical Holdings, Inc. Concerning the Buy-Out by St. Jude Medical
DALLAS--([ BUSINESS WIRE ])--The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of AGA Medical Holdings, Inc. (aAGA Medicala or aAGAMa) (NASDAQ: AGAM) related to the proposed acquisition of AGAM by St. Jude Medical, Inc.
Under the terms of the definitive merger agreement, which was announced on October 18, 2010, each AGA Medical/AGAM shareholder will receive $20.80 in cash for each share they hold. The transaction is valued at approximately $1.3 billion, inclusive of assumption of debt, and is expected to close at the end of 2010. The investigation seeks to determine if AGAM and its Board of Directors obtained the best possible deal for AGAM shareholders and whether the price to AGA Medical shareholders under merger agreement is fair. In addition, the investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of AGAM for approving this transaction and whether AGAMa™s Board of Directors acted in the shareholdersa™ best interests.
If you currently own shares of AGA Medical/AGAM and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
