|By PR Newswire||
|September 3, 2014 03:12 PM EDT||
NEW YORK, Sept. 3, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Cobra Electronics Corporation ("Cobra Electronics" or "the Company") (NasdaqGM: COBR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Monomoy Capital Partners II, L.P.
Click here to learn more about the investigation: http://zlk.9nl.com/cobra-electronics-corporation-cobr, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Cobra Electronics shareholders will receive $4.30 for each share of Cobra Electronics common stock they own. The investigation concerns whether the Board of Cobra Electronics breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Monomoy Capital Partners II, L.P. is underpaying for Cobra Electronics shares. In particular, Cobra Electronics has a reported book value of $5.83 per share for the most recent quarter. Shareholders holding approximately 2.6% of Cobra Electronic outstanding shares of common stock have already agreed to tender their shares.
If you own Cobra Electronics common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/cobra-electronics-corporation-cobr.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP
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