SAN DIEGO, Aug. 30, 2018 /PRNewswire/ -- Shareholder rights law
firm Johnson Fistel, LLP has launched an investigation into whether the board members of K2M Group Holdings, Inc. (NASDAQ: KTWO)
("K2M") breached their fiduciary duties in connection with the proposed sale of the Company to Stryker Corporation
("Stryker"),(NYSE: SYK). K2M is a medical device company that provides spine and minimally invasive solutions in the United States and internationally.
On August 30, 2018, K2M announced that it had signed a definitive merger agreement with Stryker.
Under the terms of the agreement, Stryker will acquire all of the outstanding shares of K2M for $27.50 per share in cash.
The investigation concerns whether the K2M board failed to satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for K2M
shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed
deal represents adequate consideration, especially given one Wall Street analyst has a $29.00 price
target on the stock.
If you are a shareholder of K2M and believe the proposed buyout price is too low or you're interested in learning more
about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
Additionally, you can [click here to join this action]. There is no cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in
California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not
guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP