Law360, New York (July 19, 2006, 12:00 AM ET) -- Shareholders for Encore Medical Corp. are crying foul with a class action lawsuit after executives penned an $870 million deal to sell the medical implant company to private investment fund Blackstone Capital Partners V LP.
The lawsuit says that insiders at both companies are poised to benefit from preferential treatment through "the sale of Encore to Blackstone Capital Partners VLP at a grossly inadequate and unfair price."
"In essence, the proposed acquisition is the product of a hopelessly flawed process that is designed to ensure the...
Encore Medical Shareholders Target $870M Merger
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