San Diego, CA -- (SBWIRE) -- 08/21/2017 -- An investigation was announced for investors in shares of Spectranetics Corp (NASDAQ:SPNC) concerning whether the takeover of Spectranetics Corp. by Royal Philips is unfair.

Investors who purchased shares of Spectranetics Corp (NASDAQ:SPNC) and currently hold any of those NASDAQ:SPNC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain directors of Spectranetics Corp breached their fiduciary duties owed to NASDAQ:SPNC investors in connection with the proposed acquisition.

On June 28, 2017, Royal Philips (NYSE:PHG) (AEX:PHIA) and The Spectranetics Corporation (NASDAQ:SPNC) announced that they have entered into a merger agreement. Pursuant to the agreement, Philips will commence a tender offer to acquire all of the issued and outstanding shares of Spectranetics for USD 38.50 per share, to be paid in cash upon completion.

However, the investigation concerns whether the offer is unfair to NASDAQ:SPNC stockholders. More specifically, the investigation concerns whether the Spectranetics 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.

Those who are current investors in Spectranetics Corp (NASDAQ:SPNC) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com