Solta Medical, Inc (SLTM) Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by The Young Law Firm related to the proposed acquisition of the Company by Valeant Pharmaceuticals International, Inc. The transaction is valued at $2.92 per share in an all cash transaction valued at approximately $250 million. The Investigation concerns whether this is an unfair price. Acquisition, Buyout, Takeover, Class Action Merger Potential Shareholder Lawsuit.
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This investigation concerns whether the Board of Directors of Solta Medical, Inc breached their fiduciary duties by failing to maximize value to shareholders in the sale of the Company including whether the Board failed to adequately shop the Company before agreeing to enter into the proposed sale and whether the Company has disclosed all material information to shareholders about the transaction.
Phoenixville, PA — The Young Law Firm, a national shareholder litigation firm, is investigating potential claims concerning the proposed acquisition of Solta Medical, Inc (“Solta Medical” or the “Company”) (Nasdaq: SLTM) by Valeant Pharmaceuticals International, Inc. The investigation concerns whether the proposed buyout price represents fair value for the sale of the Company and whether the interests of the Company’s public shareholders have been adequately protected. Pursuant to the terms of the proposed transaction, shareholders of Solta Medical will receive $2.92 per share in an all cash transaction valued at approximately $250 million.
Individual shareholders have rights. The Young Law Firm is seeking to speak with shareholders interested in ensuring that their rights are being protected. If you own shares of the Company and would like to learn more about the buyout of Solta Medical please contact the Firm’s founder, Henry Young, at:
Henry Young Esq.
The Young Law Firm
Toll Free: (888) 452-7252
or visit: www.mergersbuyoutsandfraud.com/solta-medical-merger-buyout-shareholder-lawsuit-sltm/
Henry Young Esq. has over 10 years of experience litigating complex shareholder class action lawsuits, including cases resulting in the recovery of millions of dollars for shareholders. The Firm routinely works with and refers cases to other leading law firms around the country to enforce shareholder rights. For more information about the Firm and shareholder cases in general, please visit our website: www.theyounglf.com.
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