BUYOUT OF MAKO - LAW FIRMS SEEKS MORE INFORMATION AND CONSIDERATION FOR SHAREHOLDERS
September 24, 2013
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it has been retained to represent shareholders of MAKO Surgical Corp. in connection with the acquisition of the ocmpany by Stryker for $30 per share in cash.
While the $30 per share price reflects a signficant premium to where the stock was trading recently, it is well below the price of the stock over 15 months ago and is below comparable transaction multiples for recently acquired companies in the same industry. The investigation concerns whether the board and officers of MAKO breached their fiduciary duties by acting in their own self interests in selling the company at this price and not engaging in a full auction so that shareholders could obtain the maximum value for their shares.
If you are a shareholder of MAKO and would like additional information regarding this matter and how it affects your rights as a shareholder, at no cost or expense, please contact us toll free at 1-877-772-3975 or email at contact @ tripplevy. Tripp Levy PLLC is a national law firm with extensive experience in mergers and takeovers and has recovered millions for shareholders around the globe.
My take in litigation on class action suite was 7 dollars and change for a share I waited for a year and finely got a check for .41 a share if my memory serves me. The point is these deals look a lot bettor than they are. Kinda like dealing with a Israeli gold minor they keep the gold and you get the shaft!!
I also agree, there are many of us who held on to this stock even though it plummeted, believing in the eventual recovery and success of the company. Now we are being sold out only halfway there. I am not pleased.