SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the ...
19 Septiembre 2012 - 10:43AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
IRIS International, Inc. (“IRIS” or the “Company”) (Nasdaq: IRIS)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Danaher
Corporation (NYSE: DHR).
Click here to learn more about the investigation:
http://zlk.9nl.com/iris-international-iris, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, IRIS shareholders will
receive $19.50 for each share of IRIS stock they own. The
transaction has a total approximate value of $338 million. The
investigation concerns whether the IRIS Board of Directors breached
their fiduciary duties to IRIS stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Danaher Corporation is underpaying for IRIS shares,
thus unlawfully harming IRIS stockholders. In particular, at least
one analyst set a price target for IRIS stock at $20.00 per
share.
If you own common stock in IRIS and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/iris-international-iris.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. For more information, please feel free to contact any of
the attorneys listed below. Attorney advertising. Prior results do
not guarantee similar outcomes.
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