BALA CYNWYD, Pa.
March 18, 2013
/PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Palomar Medical Technologies, Inc. ("Palomar Medical" or the "Company") (Nasdaq- PMTI-News) relating to the proposed acquisition by Cynosure, Inc.
Under the terms of the transaction, Palomar Medical shareholders will receive only
in cash and
in Cynosure common stock (subject to adjustment), for each share of Palomar Medical stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Palomar Medical for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company and will result in loss for many long term Palomar Medical shareholders. For example Palomar Medical stock traded at
as recently as
May 31, 2011
April 29, 2011
. In addition, the price being offered is below an analyst price target of
per share for Palomar Medical stock.
If you own shares of Palomar Medical stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602,
Bala Cynwyd, PA
19004, by e-mail at
, by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC