Investigation of Cobra Electronics Corporation
Smithtown, New York – September 2, 2014
The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of Cobra Electronics Corporation (NASDAQ GM: COBR) (“Cobra”) for possible breaches of fiduciary duties and other violations of law in connection with Cobra’s agreement to merge with Monomoy Capital Partners II, LP (“Monomoy”) in a transaction valued at approximately $28.4 million.
Under the terms of the agreement, public shareholders of Cobra would receive $4.30 in cash for each share of Cobra they own.
The investigation concerns whether Cobra’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Cobra’s stockholders would be fair and adequate, and whether Cobra is acting in its stockholders’ best interests.