1. Ademi Firm investigates STAA for potential breaches in fiduciary duty. 2. Transaction with Alcon values STAA at $1.5 billion, paying $28 per share. 3. STAAR insiders may benefit from change of control arrangements. 4. Agreement restricts competing bids with significant penalties. 5. Investigation questions whether the STAAR board fulfills fiduciary duties.
Investigations into fiduciary duty breaches can negatively affect STAA's stock price, similar to past cases involving shareholder lawsuits that resulted in decline.
The allegations of fiduciary breaches during a significant transaction may undermine investor confidence, impacting share price.
Legal investigations typically impact stock performance immediately, as seen in cases like Allergan's acquisitions where shareholder discontent caused price volatility.
The Ademi Firm is investigating STAAR (NASDAQ:STAA) for possible breaches of fiduciary duty and other violations of law in its transaction with Alcon Inc.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, shareholders of STAAR will receive $28 per share in cash, valuing the transaction at approximately $1.5 billion in equity value. STAAR insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for STAAR by imposing a significant penalty if STAAR accepts a competing bid. We are investigating the conduct of the STAAR board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001