Advanced Medical Optics (NYSE: EYE) Investor Update:


Investigation Announced Over Proposed Merger; Is Abbott Laboratories Offering A Fair or Unfair Price? What Do The Shareholders Think? -

(I-Newswire) January 13, 2009 - According to a press release from Monday, January 12, 2009 an investigation on behalf of investors of Advanced Medical Optics, Inc (NYSE: EYE) concerning potential breaches of fiduciary duty by the board of directors of Advanced Medical Optics, Inc (NYSE: EYE) in connection with the proposed acquisition by global health care and medical research giant Abbott Laboratories (NYSE: ABT) was announced. Abbott Laboratories offers Advanced Medical Optics, Inc (NYSE: EYE) shareholder $22 a share. Is that a fair price?

If you currently hold Advanced Medical Optics, Inc (NYSE: EYE) , you have certain options and you should contact the Shareholders Foundation, Inc immediately!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

According to the press release by a law firm the investigation focuses on possible breaches of fiduciary duty and other violations of state law by the board of directors of Advanced Medical Optics, Inc (NYSE: EYE) arising out of their attempt to sell the Company to Abbott Laboratories (NYSE: ABT).
In a press release Abbott Laboratories (NYSE: ABT) announced that it has agreed to acquire Advanced Medical Optics Inc. ( NYSE: EYE) for $1.36 billion. Including debt, the deal is worth about $2.8 billion. Under the terms of the proposed acquisition Abbott Laboratories (NYSE: ABT) will commence a tender offer by Jan. 26, 2009 to purchase all outstanding shares of Advanced Medical Optics Inc. ( NYSE: EYE) at $22 a share. The stock of Advanced Medical Optics Inc. ( NYSE: EYE) yesterday has hit a low of $21.63 and a high of $21.77. EYE was traded on Monday at $21.70, up $12.85 (145.2%). Over the last 52 weeks the stock has ranged from a low of $2.88 to a high of $24.90. EYE shares are rising today after Abbott Laboratories said it will buy the company for $1.36 billion, or $22 per share, more than double the stock's Friday closing price. Thus offered price seems like a big premium (150%) to Friday's closing price of $8.85 of Advanced Medical Optics Inc. ( NYSE: EYE) shares, but CNNMoney.com says that Abbott Laboratories (NYSE: ABT) acquires Advanced Medical Optics Inc. ( NYSE: EYE) "at a discount", because 'shares of Advanced Medical crumbled nearly 90% in September and October'.

Advanced Medical, based in Santa Ana, Calif., is the top equipment maker for laser-vision correction and has a big business for treating cataracts, which is an age-related issue and a market fueled by demographics. Reportedly 60% of people over 60 have cataracts and that the number of people with the eye problem is expected to grow nearly 50% in the next decade, and the cataract business accounts for half of the revenue at Advanced Medical Optics, and 70% of its cataract sales are overseas.

According to the investigation 'the transaction appears to be unfair' and undervalues Advanced Medical Optics, Inc (NYSE: EYE). Advanced Medical Optics, Inc (NYSE: EYE) 's shares traded as high as $42.55 per share on May 18, 2007, $32.01 per share in October 5, 2007 and $24.90 in June 2008.

With the acquisition of Advanced Medical Optics Inc. ( NYSE: EYE), Abbott would immediately become a force in the global eye care market, which leads to the question if there are any antitrust law affecting the deal.

In 2007, Advanced Medical Optics itself made a $4.2billion unsolicited takeover bid for Bausch & Lomb, another top eye care company; but then lowered the bid after one of its largest investors decried the deal. Less than a year after the Swiss drugmaker Novartis reportedly said it would buy up to a 77 per cent stake in Alcon, the eye care market leader, from Nestle in a two-step transaction worth as much as $39billion.



If you currently hold Advanced Medical Optics, Inc (NYSE: EYE) , you have certain options and you should contact the Shareholders Foundation, Inc immediately!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

or send us your information by mail /facsimile:


Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
Mail@ShareholdersFoundation.com
www.ShareholdersFoundation.com
____________________________________________________________________________
Advertising. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We are able to use our size to negotiate with significantly greater efficacy than the single investor with investigators, attorneys, and defendants. At Shareholders Foundation, Inc. we believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder by matching shareholder problems with the right legal experts, and finding equitable solutions. Shareholders Foundation, Inc. is comprised of a network of legal experts who both contribute to our vision for the Shareholders Foundation, Inc. and also represent the shareholders in real cases. The Shareholders Foundation, Inc. is not a law firm. Any statements made in press releases, emails or over the phone by any member or personnel employed by Shareholders Foundation, Inc. or by third parties related to the Shareholders Foundation, Inc. is provided for research and guidance purposes only and are not legal advices, as we can not give you legal advice. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact the Shareholders Foundation, Inc at Mail@ShareholdersFoundation.com Or Go To www.ShareholdersFoundation.com To Find Out More




Company Contact Information
Shareholders Foundation, Inc.




Archive

January 13, 2009

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release. The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies / PR Agencies submit their press releases once per week/month or quarter, make sure check the official company website for accurate release dates as our site displays the I-Newswire.com distribution date only. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information.


Related Releases

Relish The Interesting Stories Of Amar Chitra Katha At Unbelievable Price On Infibeam

Get the best collection of Indian stories published by Amar Chitra Katha at infibeam, an online shopping website at an unbelievable additional 15% off.

Lamb of God Partners with Specticast for Worldwide Theatrical Distribution of "As The Palaces Burn" Documentary Film

As The Palaces Burn is a film about metal icons Lamb of God, the zealous passion of their fan base, and the gut-wrenching manslaughter trial of lead singer Randy Blythe.

Mervik Haums Publishes Free Infographic To Explain Affiliate Marketing

An Infographic is by far the best way to demonstrate any idea or marketing plan. As it is a visual representation of information, data and knowledge, the viewer get a very clear idea about whatever the graphic is built for.

86.7% Of People Think It Is A Good Time To Be Investing In Adelaide Property

Adelaide Finance Brokers Urbantech Group recently ran a survey on their website. They asked the simple question: "Do you think it is a good time to be i

The Metro Joins The Hunt For Santa With Ted Burns

Ted Burns, the host of Third Degree, is searching for Santa, also known as the Yuletide Yobbo. And now he's got the support of the Metro, the UK's leading free newspaper.

Latest 10 Headlines

Broken Head Holiday Park Special Offers 2014

Broken Head Holiday Park has made it even easier for families, couples and individuals to afford to take a break thanks to a new range of special offers available on their website.

Australian Government's Frustration on RBA Stance 'risks Central Bank's Independence' States Alocoveritas' Earl Reginald Stevenson

"The question here is not should rates be lower or higher, but is it worth the risk of impugning the independence of the Reserve Bank," said Alcoveritas' Senior Managing Partner, Earl Reginald Stevenson in Sydney, Australia.

Broken Head Holiday Park Gear Up With New Activities List

Byron Bay camping and caravan resort, Broken Head Holiday Park, has introduced a new list of activities to their website which holiday makers can look forward to over the coming months.

Ingram Content Group and Hachette Livre Offer Titles from the Bibliothèque Nationale De France

Ingram Content Group Inc. today announced a print-on-demand initiative that integrates Hachette Livre's publishing program with Ingram's on-demand print and distribution solutions to make thousands of Bibliothèque nationale de France (BnF).

Pay Per Click Jobs Available At Manav Revolution Infotech

PAY PER CLICK Jobs is an internet advertising model used to direct traffic to websites in which advertisers pay the website owner when the ad is clicked. In simple words "the amount spent to get an ad clicked."

How Can I Get White Teeth In Bonita Springs, Fl

Here are the numerous advantages of teeth whitening and the way it will enhance someone's life.

Resume Myths Vs. Facts Infographic by Almagreta Outlines An Ideal Resume

Almagreta just released Resume Myths vs. Facts infographic which highlights resume writing misconceptions and provide hard facts from HR officers, recruiters and career coaches to help job seekers land the job.

Transportation of Chemicals - Market Requirements

Due to the exacting standards, transportation of chemicals is not an easy project. A rapidly growing chemical market creates new opportunities for logistics companies but it also systematically requires higher requirements.

BroadConnect Telecom Provides Automatic Call Distribution (ACD) and Queuing

Broadconnect Telecom, the leading telecommunication provider in USA and Canada provides automatic call distribution and queuing.

Chic Blueprint Started Shirt Distribution Center in Karolbagh New Delhi

Chic Blueprint is a global online casual shirts wholesaler and retailer own label product lines across menswear with approximately 500 new product are being introduced each month.

Helpful Articles

Increase Website Traffic By Using Press Releases
Write A Press Release For Big Time News
Get Backlinks From Press Releases
How To Write A Press Release Quick And Easy
Choosing A Press Release Service
Writing A News Press Release
Get More Traffic From Press Releases
Is A Press Release Service Worth It?
Effective Press Release Distribution
Create a Successful Online Press Release
Submit A Press Release and Get More Traffic
How To Write A Press Release
Check This Before You Send A Press Release
Using A Press Release Service For Your News Release

Our Services:

Submit Your Free Press Release Now.

Open Now:
Online Classified Ads at I-Newswire.com
Job Search Engine at I-Newswire.com
Car Search Engine at I-Newswire.com
Real Estate Search at I-Newswire.com
Website News Releases, Announcements and Updates

Other Cool Sites:
Breaking and Latest Automotive News
Learn the secrets on how to become an alpha male and how to meet girls on facebook at Dating-To-Mating.com. Check out the best spinner and instant article factory for your content writing needs.