|[August 28, 2014]
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Cobra Electronics Corp. and Its Board of Directors In Connection With the Sale of the Company to Monomoy Capital Partners II, L.P.
NEW YORK --(Business Wire)--
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 sare 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@example.com
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.
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