Harwood Feffer LLP Announces Investigation of Liberator Medical Holdings, Inc.
Nov 20, 2015
NEW YORK, Nov. 20, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Liberator Medical Holdings, Inc. ("Liberator" or the "Company") (NYSE MKT: LBMH) concerning the proposed acquisition of the Company by C.R. Bard, Inc. Co. ("C.R. Bard").
Liberator distributes direct-to-consumer durable medical supplies for seniors and others with chronic illness in the United States.
Under the terms of the offer, C.R. Bard would acquire Liberator in a transaction valued at approximately $181 million, and Liberator stockholders would receive $3.35 per fully-diluted share.
According to Yahoo Finance, however, at least one analyst has set a target price of $8 per share for Liberator stock, with the lowest analyst estimate at $3.60 per share.
Our investigation concerns whether the Liberator board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Liberator shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
James G. Flynn, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: jflynn@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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