MILWAUKEE, April 10, 2018 /PRNewswire/ — Ademi & O’Reilly, LLP is investigating the Board of Directors of Analogic Corporation (Nasdaq: ALOG) for possible breaches of fiduciary duty and other violations of Massachusetts law in connection with the sale of Analogic to Altaris.
Click here to learn how to join the action: http://ademilaw.com/case/analogic or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi & O’Reilly, LLP alleges Analogic’s long-term financial outlook is improving and yet Analogic shareholders will receive only $84 for each share of Analogic common stock they own, more than 12.5% less than Analogic’s closing price on April 10, 2018. Altaris is well aware of Analogic’s improving financial metrics and is purchasing Analogic at a substantial discount. The merger agreement unreasonably limits competing bids for Analogic by (i) prohibiting solicitation of any further bids, and (ii) imposing a termination penalty should Analogic receive and accept a superior bid. Analogic insiders, their affiliates and other major shareholders own significant voting stock, and will receive millions of dollars as part of change of control arrangements, and therefore can unduly influence a sale of Analogic. Our investigation centers on the conduct of Analogic’s Board of Directors, who have unanimously approved the transaction, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Analogic given its current financial condition and prospects.
If you own common stock in Analogic and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/analogic.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O’Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original content:SOURCE Ademi & O’Reilly, LLP
Article syndicated under license from PR Newswire via QuoteMedia
