Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of TomoTherapy Inc. – TOMO
09 Marzo 2011 - 11:00AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of TomoTherapy Inc. (“TomoTherapy” or the “Company”)
(NasdaqGS: TOMO) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Accuray Inc. (“Accuray”) (NasdaqGS: ARAY) for an estimated $277
million in cash and stock. The proposed transaction only offers
TomoTherapy shareholders $3.15 in cash and 0.1648 share of Accuray
common stock for each TomoTherapy share they hold, valuing the
Company’s stock at approximately $4.60 based on closing prices
Tuesday, March 8, 2011. According to Yahoo! Finance, at least one
financial expert values TomoTherapy’s stock at $5.00 per share.
Request more information now by clicking here:
www.faruqilaw.com/TOMO
Whether the TomoTherapy’s Board of Directors breached their
fiduciary duties to TomoTherapy’s stockholders by failing to
conduct an adequate and fair sales process to sell the Company
prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues TomoTherapy’s shares and by how
much this proposed transaction undervalues the Company to the
detriment of TomoTherapy shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in TomoTherapy and wish to obtain
additional information, please visit us at www.faruqilaw.com/TOMO
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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