NEW YORK, Oct. 31, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Wright Medical Group, Inc. ("Wright Medical" or the "Company") (NasdaqGS: WMGI) for potential breaches of fiduciary duties in connection with the merger of the Company with Tornier N.V. for approximately $3.3 billion. The Company's stockholders will receive 1.0309 of Tornier N.V. stock for each share of Wright Medical common stock they own. The new combined entity would be legally based in the Netherlands.
The investigation focuses on whether Wright Medical's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Wright Medical'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. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Wright Medical and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/WMGI or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. [email protected] Toll Free: (877) 247-4292 Phone: (212) 983-9330
Attorney Advertising. (C) 2014 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.