Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors (the Board) of K2M Group Holdings, Inc. (K2M or the Company) (NASDAQ GS: KTWO) related to the Companys entry into an agreement to be acquired by Stryker Corporation (Stryker) (NYSE: SYK) in a transaction announced on August 30, 2018 (the Proposed Transaction).
On August 29, 2018, the Board caused K2M to enter into an agreement and plan of merger (the Merger Agreement) with Stryker. Pursuant to the terms of the agreement, shareholders of K2M will receive $27.50 in cash for each share of K2M common stock.
On September 21, 2018, K2M filed a preliminary proxy statement (Proxy Statement) with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which recommends that K2Ms shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Proxy Statement, including whether the Proxy Statement omits material information with respect to the Proposed Transaction.
If you own common stock of K2M and purchased any shares before August 30, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at [email protected].
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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