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Levi & Korsinsky, LLP is investigating the Board of Directors of Thoratec Corp. (NASDAQGS: THOR) in connection with the sale of the Company to St. Jude Medical, Inc. (NYSE: STJ). Under the terms of the transaction, Thoratec shareholders will receive $63.50 in cash for each share of Thoratec stock they own.
The investigation concerns whether the Board of Thoratec breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether St. Jude Medical, Inc. is underpaying for Thoratec stock.
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