Law Offices of Howard G. Smith Announces Investigation of Conceptus, Inc.
May 01 2013 - 8:00PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
Conceptus, Inc. (“Conceptus” or the “Company”) (NASDAQ:CPTS)
related to the proposed acquisition of the Company by Bayer
HealthCare LLC. The transaction is valued at approximately $1.1
billion or $31 per share.
This investigation concerns whether the Board of Directors of
Conceptus breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth. Its
share price has skyrocketed from $9.76 on October 3, 2011 to $26.73
on April 25, 2013.
If you are a shareholder of Conceptus, if you have information
or would like to learn more about our investigation, or if you wish
to discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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