Health & Fitness
Tue, May 31, 2011Mon, May 30, 2011Fri, May 27, 2011Thu, May 26, 2011Wed, May 25, 2011Tue, May 24, 2011Mon, May 23, 2011Sun, May 22, 2011Fri, May 20, 2011Thu, May 19, 2011Wed, May 18, 2011Tue, May 17, 2011Mon, May 16, 2011Sun, May 15, 2011Fri, May 13, 2011Thu, May 12, 2011Wed, May 11, 2011Tue, May 10, 2011Mon, May 9, 2011Sun, May 8, 2011Sat, May 7, 2011Fri, May 6, 2011Thu, May 5, 2011Wed, May 4, 2011Tue, May 3, 2011Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Orthovita, Inc. - VITA
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Published in Health and Fitness on Tuesday, May 17th 2011 at 13:10 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Orthovita, Inc.(aOrthovitaa or the aCompanya) (NasdaqGM: VITA) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Stryker Corp. (NYSE: SYK) for about $304 million in cash. The proposed transaction offers Orthovita shareholders $3.85 per share. According to Yahoo! Finance, at least one financial analyst has a price target of $4 for Orthovita.
Request more information now by clicking here: [ www.faruqilaw.com/VITA ]
Whether the Orthovitaa™s Board of Directors breached their fiduciary duties to Orthovitaa™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Orthovitaa™s shares and by how much this proposed transaction undervalues the Company to the detriment of Orthovita shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.
If you own common stock in Orthovita and wish to obtain additional information, please visit us at [ www.faruqilaw.com/VITA ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
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