Liberator Medical Holdings, Inc.
LIBERATOR MEDICAL MERGER INVESTIGATION ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Liberator Medical Holdings, Inc.
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Liberator Medical Holdings, Inc. (“Liberator Medical” or the “Company”) relating to the sale of the Company to C.R. Bard, Inc. (“C.R. Bard”). On June 14, 2015, the two companies announced the signing of a definitive merger agreement pursuant to which C.R. Bard will acquire Liberator Medical in a merger worth $181 million. As a result of the merger, Liberator Medical shareholders are only anticipated to receive $3.34 per share in cash in exchange for each share of Liberator Medical.
Andrews & Springer’s investigation focuses on the inadequate consideration that Liberator Medical shareholders are expected to receive. While the deal is advertised as offering a premium for Liberator Medical shareholders, the current deal considerate is below stock analyst estimates. For example, an analyst at Dawson James Securities has set an $8.00 per share price target on January 6, 2014, roughly $4.65 more than the current deal price. The current deal consideration is also below the typical 47% premium for comparable transactions.
If you own shares of Liberator Medical and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/liberator-medical-class-action-investigation or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.