WILMINGTON, Del., Aug. 28, 2014 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Cobra Electronics Corporation (NASDAQ GM: COBR)?
- Did you purchase any of your shares prior to August 28, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Cobra Electronics Corporation ("Cobra Electronics" or the "Company") (NASDAQ GM: COBR) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Monomoy Capital Partners II, L.P. ("Monomoy"), in a transaction valued at approximately $28.4 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/cobra-electronics-corporation-cobr.
Under the terms of the agreement, public shareholders of Cobra Electronics would receive $4.30 in cash for each share of Cobra Electronics they own.
The investigation concerns whether Cobra Electronics' board of directors failed to adequately shop the Company and obtain the best possible value for Cobra Electronics' shareholders before entering into an agreement with Monomoy.
If you own the common stock of Cobra Electronics and purchased your shares before August 28, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/cobra-electronics-corporation-cobr.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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