Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Friday, June 19, 2015
Faruqi & Faruqi Investigation: Lumenis Ltd.
LUMENIS LTD. SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Lumenis Ltd. (LMNS) Over the Proposed Sale of the Company to XIO Group
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Lumenis Ltd. (“Lumenis” or the “Company”) (NASDAQGS:LMNS) for potential breaches of fiduciary duties in connection with the sale of the Company to XIO Group for approximately $510 million. The Company’s stockholders will only receive $14.00 per share in cash for each share of Company common stock they own.
However, at least one analyst opinion sets the value of Lumenis’ shares at $18.00 per share. Furthermore, the low target share price for the Company is set at $14.00.
If you own common stock in Lumenis and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F'sJuan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.