WeissLaw LLP Investigates K2M Group Holdings, Inc. Acquisition
NEW YORK, Aug. 30, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of K2M Group Holdings, Inc. ("KTWO" or the "Company") (NASDAQ: KTWO) in connection with the proposed acquisition of the Company by Stryker Corporation ("SYK") (NYSE:SYK). Under the terms of the acquisition agreement, shareholders will receive $27.50 in cash for each KTWO share they own.
WeissLaw is investigating whether KTWO's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the offer price is $1.50 less than the analyst target price of $29.00. Moreover, the Company recently announced total revenue of $73.6 million in the second quarter of 2018. This represents an annual increase of approximately 12% on a reported basis when compared to the figures announced in the same period of the previous year.
Given these facts, WeissLaw is investigating whether KTWO's Board acted in the best interests of KTWO's public shareholders to maximize shareholder value prior to entering into the agreement. If you own KTWO shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/k2m-group-holdings-inc/
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SOURCE WeissLaw LLP
