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| [March 18, 2013] |
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Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Palomar Medical Technologies Inc. (PMTI)
NEW YORK --(Business Wire)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Palomar
Medical Technologies Inc. ("Palomar" or the "Company") (NasdaqGS: PMTI)
for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Cynosure, Inc. (NasdaqGS:
CYNO) in a deal valued at $294 million. Under the terms of the proposed
transaction, Palomar's stockholders will receive $6.825 in cash and
$6.825 in Cynosure common stock for each share of Palomar common stock
they own, while according to Yahoo! Finance, at least one financial
analyst has set a price target of $14.50 for Palomar.
Request more information now by clicking here: www.faruqilaw.com/PMTI.
<>There is no cost or obligation to you.
The investigation focuses on whether Palomar's Board of Directors
breached their fiduciary duties to the Company's stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of Palomar's shareholders.
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, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients.
If you own common stock in Palomar and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/PMTI
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.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.

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