Faruqi & Faruqi, LLP Announces the Investigation of TriVascular Technologies, Inc. (TRIV) Over the Proposed Sale of the Company to Endologix, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of TriVascular Technologies, Inc. (“TriVascular” or the “Company”) (NasdaqGS:TRIV) for potential breaches of fiduciary duties in connection with the sale of the Company to Endologix, Inc. for approximately $211 million.
The Company’s stockholders will only receive a combination of cash and stock, to be determined at the closing of the merger, valued at $9.10 for each share of Company common stock they own. However, the offer is lower than at least one analyst’s price target of $13 per share and the April 16, 2014, IPO price of $12 per share.
If you own common stock in TriVascular and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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