The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of American Medical Systems Holdings Inc. (“American Medical Systems” or “AMMD”) (NASDAQ: AMMD) related to the proposed buyout of American Medical Systems by Endo Pharmaceuticals. The definitive merger agreement, which was announced on April 11, 2011, involves an all-cash transaction valued at approximately $2.9 billion, including assumption of debt. Under the proposed buyout, American Medical Systems shareholders will receive $30.00 in cash for each share of American Medical Systems/AMMD common stock they hold.
The firms are investigating the fairness of the proposed transaction to American Medical Systems shareholders and whether American Medical Systems’ Board of Directors acted in the shareholders’ best interests. Although the acquisition price represents an approximate 34% premium over American Medical Systems’ closing price the day before the buyout announcement, American Medical Systems’ shares closed well over $24 per share as recently as July 2010. Based on this and other factors, the firms do not believe that the acquisition price is fair to American Medical Systems shareholders. In addition, the firms seek to determine through their investigation whether American Medical Systems’ obtained the best value for shareholders, adequately considered all viable alternatives, and properly shopped the company before entering into the acquisition agreement.
If you currently own shares of American Medical Systems/AMMD and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via email at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.