The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Vital Imag...
29 Abril 2011 - 1:39PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Vital Images, Inc. (Nasdaq: VTAL) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to a subsidiary of Toshiba
Medical Systems Corporation (“TMSC”). Under the terms of the
proposed deal, Toshiba Medical will acquire all outstanding shares
of common stock of Vital Images for $18.75 in cash per share. The
transaction has a total value of approximately $273 million.
The investigation concerns whether the Vital Images Board of
Directors breached their fiduciary duties to Vital Images
stockholders by failing to adequately shop the Company before
entering into this transaction and whether TMSC is underpaying for
Vital Images shares, thus unlawfully harming Vital Images
stockholders. According to Thomson/First Call, at least one analyst
set a price target for Vital Images stock at $19.00 per share.
If you own common stock in Vital Images and wish to obtain
additional information, please contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/vital-images.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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