|
| [March 19, 2013] |
 |
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Palomar Medical Technologies Inc. in Connection with Sale of Company to Cynosure Inc.
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Palomar
Medical Technologies Inc. ("Palomar" or the "Company") (NasdaqGS: PMTI)
for possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Cynosure Inc.
(NasdaqGS: CYNO).
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 transation has a total approximate value of
$294 million. The investigation concerns 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.

[ Back To Technology News's Homepage ]
|