Investigation of Cobra Electronics Corporation

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.

If you own Cobra common stock, purchased your shares prior to August 28, 2014, and wish to obtain additional information, please contact Mr. Beige by email at  or by telephone at (631) 231-7725.

 
This entry was posted in Shareholder Rights and tagged , , , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.