Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Volcano Corporation (NASDAQ: VOLC) breached their fiduciary duties in connection with the proposed sale of the company to Royal Philips NV.
Additional Information:
Volcano designs, develops, manufactures, and commercializes a suite of precision guided therapy tools.
On December 17, 2014, Volcano and Royal Philips entered into an agreement whereby Royal Philips will acquire Volcano. Under the terms of the transaction, Royal Philips will offer $1 billion for Volcano's stock, or $18 per share. Earlier this year Volcano stock traded at $24.62 per share.
The investigation concerns whether Volcano’s board failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Volcano shareholders.
If you are a shareholder of Volcano and believe the proposed buyout price is too low and you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contacts:
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
