Harwood Feffer LLP Announces Investigation of Cobra Electronics Corporation
NEW YORK, Aug. 28, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Cobra Electronics Corporation ("Cobra Electronics" or the "Company") (NasdaqGM: COBR) concerning the proposed acquisition of the Company by Monomoy Capital Partners II, L.P. ("Monomoy").
On August 28, 2014, Cobra Electronics issued a press release announcing that it had entered into a definitive merger agreement pursuant to which the Company will be acquired by Monomoy. Under the terms of the agreement, Cobra Electronics shareholders will receive $4.30 per share in a transaction valued at $28.4 million.
Our investigation concerns whether the Cobra Electronics board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Cobra Electronics shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP