COBRA ELECTRONICS INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Cobra Electronics Corporation (COBR) Over the Proposed Sale of the Company to Monomoy Capital Partners II, L.P.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cobra Electronics Corporation (“Cobra Electronics” or the “Company”) (NASDAQ: COBR) for potential breaches of fiduciary duties in connection with the sale of the Company to Monomoy Capital Partners II, L.P. for $4.30 per share in cash.
The investigation focuses on whether Cobra Electronics’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Cobra Electronics’ shareholders.
If you own common stock in Cobra Electronics and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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