Symmetry Surgical Inc (NASDAQ:SSRG) Investor Investigation Concerning Potential Wrongdoing In Acquisition Announced

If you purchased shares of Symmetry Surgical Inc (NASDAQ:SSRG) and currently hold any of those NASDAQ:SSRG shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Symmetry Surgical
Affected Securities: 
NASDAQ: SSRG

May 06, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Symmetry Surgical Inc (NASDAQ:SSRG), was announced concerning whether the takeover of Symmetry Surgical Inc by an affiliate of RoundTable Healthcare Partners for $13.10 per share is unfair to NASDAQ:SSRG stockholders.

The investigation by a law firm concerns whether certain officers and directors of Symmetry Surgical Inc breached their fiduciary duties owed to NASDAQ:SSRG investors in connection with the proposed acquisition.

On May 02, 2016 Symmetry Surgical Inc (NASDAQ:SSRG) announced that it has entered into an agreement to be acquired with an equity value of $140.3 million by an affiliate of private equity firm RoundTable Healthcare Partners. Under the terms of the agreement, Symmetry Surgical Inc (NASDAQ:SSRG) shareholders will receive $13.10 in cash for each share of Symmetry Surgical Inc common stock.
However, the investigation concerns whether the offer is unfair to NASDAQ:SSRG stockholders. More specifically, the investigation concerns whether the Symmetry Surgical Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Symmetry Surgical Inc reported that its Total Revenue rose from $81.78 million for the 53 weeks period that ended on January 3, 2015 to $84.53 million for the 52 weeks period that ended on January 2, 2016 and that its Net Loss of $35.77 million for the 53 weeks period that ended on January 3, 2015 turned into a Net Income of $1.20 million for the 52 weeks period that ended on January 2, 2016.