Thoratec Corporation
LAWSUIT ALERT: Andrews & Springer LLC Announces That A Law Firm Has Filed A Class Action Lawsuit Against Thoratec Corporation - THOR
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced today that a class action lawsuit has been filed by another law firm on behalf of stockholders of Thoratec Corporation (NASDAQ: THOR) (“Thoratec” or the “Company”) seeking to challenge the Company’s recently announced merger with St. Jude Medical (“St. Jude”).
If you would like to join the class action, please visit our website 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.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
On July 22, 2015, Thoratec and St. Jude announced the signing of a definitive merger agreement pursuant to which St. Jude will acquire Thoratec in a merger worth $3.4 billion. As a result of the merger, Thoratec shareholders are only anticipated to receive $63.50 per share in cash in exchange for each share of Thoratec. While the Company claims that shareholders will receive a premium for their shares, the $63.50 per share consideration only represents a 10.3% premium based on the Company’s July 21, 2015 closing price of $57.58
On August 4, 2015, a Thoratec shareholder represented by another law firm filed a class action complaint challenging Thoratec’s merger with St. Jude. The complaint was filed in the Superior Court of California, Alameda County, Case No. RG15780585.
If you own shares of Thoratec and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/thoratec-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. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.