Ryan & Maniskas, LLP Announces Investigation of Palomar Medical Technologies Inc.

19 Mar, 2013, 11:11 ET from Ryan & Maniskas, LLP

WAYNE, Pa., March 19, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/pmti) is investigating potential claims against the board of directors of Palomar Medical Technologies Inc. ("Palomar Medical" or the "Company") (NASDAQ: PMTI) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Cynosure, Inc. in a deal valued at $294 million.  

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Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Palomar Medical.  For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/pmti.    

Under the terms of the proposed transaction, Palomar Medical's stockholders will receive $6.825 in cash and $6.825 in Cynosure, Inc. common stock for each share of Palomar common stock they own.

If you own shares of Palomar Medical and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/pmti.  You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com.  For more information about class action cases in general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT:

Ryan & Maniskas, LLP

Richard A. Maniskas, Esquire

995 Old Eagle School Rd., Suite 311

Wayne, PA 19087

877-316-3218

www.rmclasslaw.com/cases/pmti 

rmaniskas@rmclasslaw.com

SOURCE Ryan & Maniskas, LLP



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