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Published in Health and Fitness on Friday, April 26th 2013 at 13:30 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
April 26, 2013 16:13 ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Palomar Medical Technologies Inc. in Connection With Sale of Company to Cynosure Inc.
NEW YORK, NY--(Marketwired - Apr 26, 2013) - Levi & Korsinsky notifies investors of Palomar Medical Technologies Inc. ("Palomar" or the "Company") (
Click here to learn how to join the action: [ http://zlk.9nl.com/palomar-medical-pmti/ ], or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Palomar shareholders will receive $6.825 in cash and $6.825 in Cynosure common stock for each share of Palomar stock they own. The transaction has a total approximate value of $294 million. The claims concern whether the Palomar Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Cynosure Inc. is underpaying for Palomar shares, thus unlawfully harming Palomar stockholders. In particular, at least one analyst set a price target for Palomar stock at $14.50 per share.
If you own common stock in Palomar and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or [ http://zlk.9nl.com/palomar-medical-pmti/ ].
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.