SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not
Be in the Best Interest of Investors of Cobra Electronics Corporation - COBR
NEW YORK, Aug. 28, 2014
NEW YORK, Aug. 28, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims
on behalf of investors of Cobra Electronics Corporation ("Cobra Electronics"
or the "Company") (NASDAQ: COBR) (ISIN: US1910421007) (CUSIP: 191042100)
concerning the proposed acquisition of Cobra Electronics by Monomoy Capital
Partners II, L.P.
Cobra Electronics shareholders seeking more information about this acquisition
are advised to contact Robert Willoughby at email@example.com or
212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the Cobra Electronics directors are
breaching their fiduciary duties by failing to adequately shop the Company and
maximize shareholder value.Under the terms of the proposed acquisition, Cobra
Electronics shareholders will receive approximately $4.30 per share in cash
for each outstanding share of Cobra Electronics common stock.However, the
EBITDA and Revenue multiples are below the averages of comparable
transactions, and the Company stock recently closed at $4.21.
Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz LLP
pioneered the field of securities class actions. Today, more than 75 years
later, the Pomerantz LLP continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 237
SOURCE Pomerantz LLP
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