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SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Wright Medical Group, Inc. And Encourages Investors To Contact The Firm For Additional Information
[October 31, 2014]

SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Wright Medical Group, Inc. And Encourages Investors To Contact The Firm For Additional Information


STEVENSON, Md. --(Business Wire)--

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Wright Medical Group, Inc. ("Wright" or the "Company") (Nasdaq: WMGI) relating to the proposed buyout of the Company by Tornier N.V. ("Tornier").

On October 27, 2014, Wright and Tornier announced that they have entered into a definitive merger agreement under which Wright and Tornier will combine in an all stock transaction with a combined equity value of approximately $3.3 billion.

Under the terms of the transaction, Wright shareholders will receive 1.0309 Tornier common shares for each share of Wright stock they own, representing an approximate value of $24.79 per share, based on Tornier's recent closing price.

The transaction is expected to close in the first half of 2015, though Wright shareholders will most likely be asked to vote on the transaction well before that time.



The firm's investigation seeks to determine, among other things, whether Wright's Board of Directors failed to satisfy their duties to the Company's shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company's shares of common stock. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Wright stock at $40.00 per share.

If you currently own common stock of Wright and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.


Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.


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