DALLAS, Sept. 28, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group, led by a former Federal Judge and former U.S. Attorney, launched a shareholder investigation into the proposed acquisition of Aspect Medical Systems, Inc. (Nasdaq:ASPM) by Covidien.
According to the agreement, Aspect shareholders will receive $12.00 in cash per share, valuing the transaction at $210 million, net of cash and short-term investments acquired. The transaction is subject to customary closing conditions, will take the form of an all cash tender offer followed by a second-step merger and is expected to be completed by the end of 2009.
Kendall Law Group's investigation concerns whether the consideration to be paid to Aspect shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of the Company and whether the directors and special committee members may have breached their fiduciary duties by not acting in the shareholders' best interests in connection with the sale process.
For information about your rights as an Aspect shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. The firm has significant experience representing investors in mergers and acquisitions from Kendall Law Group's headquarters in Dallas, Texas.
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