Press Releases
The Law Office Of Joseph Klein Is Investigating Possible Breaches Of Fiduciary Duty By The Board Of AGA Medical Holdings, Inc. In Connection With The Sale Of The Company To St. Jude Medical, Inc. – AGAM
The Law Office of Joseph Klein is investigating the Board of Directors of AGA Medical Holdings, Inc. (NasdaqGS:AGAM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to St. Jude Medical, Inc. (NYSE:STJ). Under the terms of the proposed deal, AGA Medical shareholders will get $20.80 in cash and/or St. Jude Medical common stock for each of their shares of AGA Medical common stock. The value of the proposed transaction is about $1.3 billion.
The investigation focuses on whether the Board of AGA Medical breached its fiduciary duties to its stockholders by failing to adequately shop the Company before entering into this transaction and whether St. Jude Medical is underpaying for AGA Medical shares. At least on analyst has set a $21.00 price target for AGA Medical stock. Also, certain shareholders affiliated with Welsh Carson Anderson & Stowe, holding approximately 44 percent of AGA Medical’s outstanding common stock and AGA Medical’s co-founder Franck Gougeon, holding approximately 19 percent of AGA Medical’s outstanding common stock, have confirmed their intention to tender all of their shares into the offer. If you own common stock in AGA Medical and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www.jkleinlawfirm.com/agamedical-agam.html. Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. CONTACT:Joseph Klein, Esq.1560 East 27th StreetBrooklyn, NY 11229Telephone: (718) 947-0005Fax: (718) 799-1443Toll Free: (877) STOK-180 (877-786-5180)E-Mail: jk@jkleinlawfirm.comThe Web: www.jkleinlawfirm.comTheStreet Premium Services
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