Skip to main content

Market Overview

Wolf Haldenstein Adler Freeman & Herz LLP is Investigating the Acquisition of Volcano Corporation by Royal Philips NV - VOLC

Share:

NEW YORK, Jan. 2, 2015 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP is investigating the proposed acquisition of Volcano Corporation (Nasdaq: VOLC) by Royal Philips N.V, the Dutch-based consumer and technology multi-national corporation.

Under the terms of the transaction, Volcano shareholders will receive only $18.00 in cash for each share of Volcano stock they own. The investigation concerns whether the Board of Directors of Volcano Corporation breached their fiduciary duty to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, attaching conditions to the merger than make it more difficult for competing offers to emerge, and whether Royal Philips is underpaying for Volcano shares.

Wolf Haldenstein's investigation focuses on whether the Board of Directors of Volcano Corporation is undertaking a fair process to obtain maximum value for the shareholders of the Company given the unique position of Volcano Corporation within the medical imaging industry. At the time of the announcement of the acquisition, Philips NV management noted that "Volcano is the only company in the industry with a leading position in both intravascular ultrasound (IVUS) imaging and fractional flow reserve (FFR) measurements." Philips added that acquiring Volcano will help it make inroads into the high-growth, multi-billion dollar image-guided therapy market.

Wolf Haldenstein has represented individual and institutional investors for many years, serving as lead counsel in numerous cases in United States federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.

If you are a current shareholder of Volcano Corporation (Nasdaq: VOLC), we urge you to contact Wolf Haldenstein. If you would like additional information concerning your rights in this matter, please contact us immediately:

Gregory Nespole, Esq.
Gregory Stone, Director of Case and Financial Analysis
Wolf Haldenstein Adler Freeman & Herz LLP 
270 Madison Avenue 
New York, New York 10016 

Phone Numbers:

(800) 575-0735
(212) 545-4600
(212) 545-4774

Email:  

classmember@whafh.com, nespole@whafh.com or gstone@whafh.com and please reference "Volcano Corporation investigation."

Attorney Advertising.   Prior results do not guarantee or predict a similar outcome.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com