Costa Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP

Mon Nov 11, 2013 8:00pm EST

* Reuters is not responsible for the content in this press release.

Costa Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP

Glancy Binkow & Goldberg LLP is investigating potential claims against the Board of Directors of Costa Inc. (“Costa” or the “Company”) (NASDAQ:ATX) related to the proposed acquisition of the Company by Essilor International. The transaction is valued at approximately $270 million, or $21.50 per share.

This investigation concerns whether the Board of Directors of Costa breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $8.51 on November 8, 2012 to $20.99 on November 5, 2013. Further, at least one analyst has set a target price for the Company’s stock at $29 per share.

If you are a shareholder of Costa, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at 310-201-9150 or Toll-Free at 888-773-9224 or by email to shareholders@glancylaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire
310-201-9150 or 888-773-9224
shareholders@glancylaw.com

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.