NEW YORK--(BUSINESS WIRE)--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 Given Imaging Ltd. (“Given” or the “Company”) (NasdaqGS:GIVN) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Covidien PLC in a cash deal valued at approximately $860 million. Under the terms of the proposed transaction, Given’s stockholders will receive $30 for each share of Given common stock they own.
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The investigation focuses on whether Given’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Given’s shareholders.
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If you own common stock in Given Imaging Ltd. and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/GIVN or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
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