The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of ArthroCare Corporation (“ArthroCare”) (NYSE GS: ARTC) for possible breaches of fiduciary duties and other violations of law in connection with ArthroCare’s agreement to be acquired by Smith & Nephew, Inc. (“Smith & Nephew”).
Under the terms of the proposal, public stockholders of ArthroCare would receive $48.50 per share in cash for each share of ArthroCare they own in a transaction valued at approximately $1.3 billion.
The investigation concerns whether ArthroCare’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to ArthroCare’s stockholders would be fair and adequate, and whether ArthroCare is acting in its stockholders’ best interests.