NEW YORK, April 11, 2011 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating potential claims on behalf of investors of American Medical Systems Holdings, Inc. ("American Medical" or the "Company") (Nasdaq:AMMD) concerning the proposed acquisition of American Medical by Endo Pharmaceutical Holdings, Inc. ("Endo") in a cash transaction valued at $2.9 billion.
Under the terms of the agreement, Endo will pay $30 per share for American Medical's outstanding stock and convertible securities, and assume and pay off $312 million of American Medical's debt. Endo will gain what it said are promising medical services and devices in line with its urology and pain treatments. The investigation concerns, among other things, possible breaches of fiduciary duty by the Company's officers and directors. Endo may be underpaying for American Medical thus unlawfully harming American Medical shareholders.
American Medical shareholders seeking more information about this acquisition are advised to contact Gustavo F. Bruckner, Esq. at email@example.com or 212-661-1100 (ext. 302) or toll free at 888-476-6529, (ext. 302). Shareholders may also contact Rachelle R. Boyle at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., 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 Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm 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 class members. See www.pomerantzlaw.com.
CONTACT: Rachelle R. Boyle Pomerantz Haudek Grossman & Gross LLP 888-476-6529 (ext. 237) 212-661-1100 (ext. 237) email@example.com