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Robbins Umeda LLP Is Investigating American Medical Systems Acquisition for Shareholders

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^{Published in Health and Fitness on Monday, April 11th 2011 at 16:05 GMT by Market Wire}  

SAN DIEGO--([ BUSINESS WIRE ])--Robbins Umeda LLP, a [ shareholder rights litigation ] firm, is interested in helping shareholders of American Medical Systems (NASDAQ: AMMD). The Firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of American Medical in connection with their efforts to be acquired by Endo Pharmaceuticals (NASDAQ: ENDP).

If you own stock in American Medical and would like more information about your [ shareholder rights ], please contact Gregory E. Del Gaizo at 800-350-6003 or via the [ shareholder information form ] on our website.

On April 11, 2011, Endo Pharmaceuticals and American Medical announced they have entered into a definitive agreement under which Endo Pharmaceuticals will acquire American Medical in an all-cash transaction. Under the current agreement, American Medical shareholders will receive $30 in cash for each share of American Medical common stock they hold. The transaction is expected to close late in the third quarter of 2011.

The investigation is focused on whether American Medical's board is undertaking a fair process to obtain maximum value for its shareholders. Of particular interest, on February 15, 2011, American Medical beat expected fourth quarter 2010 earnings per share results by $0.05 per share, representing a 14.3% growth compared with the same quarter last year. In addition, American Medical reported better than expected revenue for the fourth quarter of 2010.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The Firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career [ shareholder rights attorneys ]. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to [ http://www.robbinsumeda.com ].

Press release link: [ http://www.robbinsumeda.com/shareholders-rights-blog/american-medical/ ]

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