INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of HeartWare International, Inc. And Encourage...

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of HeartWare International, Inc. (NASDAQ: HTWR) (“HeartWare” or the “Company”) relating to the proposed buyout of HeartWare by Medtronic plc.

Under the terms of the agreement, HeartWare shareholders are anticipated to receive $58.00 in cash for each share of HeartWare common stock held. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. The transaction may undervalue the Company and would result in no real gain or a loss for many long-term shareholders, especially given that, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for HeartWare stock at $60.00 per share and the 52-week high for HeartWare stock is $94.15.

If you currently own common stock of HeartWare and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [e-mail] or by telephone at [phone].

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160628006638/en/

Brower Piven, A Professional CorporationCharles J. Piven, 410-415-66161925 Old Valley RoadStevenson, Maryland [e-mail]