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ARTHROCARE SHAREHOLDERS NOTICE: Kendall Law Group Investigates Potentially Unfair Acquisition of ArthroCare Corp. by Smith & Nephew Plc.


Kendall Law Group, led by former federal judge Joe Kendall, is investigating the Board of Directors of ArthroCare Corp. (NYSE: ARTC) on behalf of shareholders in connection with the sale of the Company to Smith & Nephew Plc. for possible breaches of fiduciary duties and other violations of law. The national securities firm's investigation seeks to determine whether ArthroCare and its Board breached their fiduciary duties by failing to fulfill its fiduciary duties, failing to maximize the value of the Company, failing to disclose all material benefits and costs, and failing to obtain the best possible consideration for the ArthroCare shareholders.

On February 3, 2014, ArthroCare announced that it had entered into a definitive merger agreement under which Smith & Nephew would acquire ArthroCare in an all-cash offer which will pay ArthroCare shareholders $48.25 per share of common stock. The $48.25 merger consideration is substantially below the three target prices, including a price of $60.00 set by an analyst at Craig-Hallum Capital Group on January 8, 2014 and a price of $56.00 set by an analyst at Canaccord Genuity on January 7, 2014. In addition, the $48.25 merger consideration represents a premium to shareholders of 6% based on the company's closing price on January 31, 2014. In addition, ArthroCare shares traded above the offer price as recently as January 27, 2014, and reached a high of $49.95 on January 8, 2014.

If you currently own the common stock of ArthroCare and want to know more about your rights, you are encouraged to contact Jamie McKey at the Kendall Law Group at 877-744-3728 or by email at to learn more about your rights as a shareholder. Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

Kendall Law Group LLP
Jamie McKey, 877-744-3728
Telephone: 214-744-3000
Facsimile: 214-744-3015

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