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.
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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.
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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.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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