Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) Investor Investigation Over Possible Wrongdoing In Acquisition Announced

If you purchased shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) and currently hold any of those NASDAQ:ZLTQ 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): 
Zeltiq Aesthetics
Affected Securities: 
NASDAQ: ZLTQ

February 22, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ), was announced concerning whether the takeover of Zeltiq Aesthetics Inc by Allergan plc for $56.50 per share is unfair to NASDAQ:ZLTQ stockholders.

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

On February 13, 2017, Allergan plc (NYSE:AGN) and ZELTIQ Aesthetics, Inc. (NASDAQ:ZLTQ) announced that they have entered into an agreement under which Allergan has agreed to acquire ZELTIQ for $56.50 per share, or $2.475 billion, subject to customary adjustments.

However, the investigation concerns whether the offer is unfair to NASDAQ:ZLTQ stockholders. More specifically, the investigation concerns whether the Zeltiq Aesthetics 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.

Zeltiq Aesthetics Inc reported that its annual Total Revenue rose from $174.48 million in 2014 to $255.42 million in 2015 and that its Net Income grew from $1.53 million in 2014 to $41.80 million in 2015.

Shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) grew from $19.26 per share in February 2016 to as high as $51.97 per share on February 10, 2017.