NEW YORK, April 1, 2015 /PRNewswire/ -- The fairness
of the proposed acquisition of Cellular Dynamics International
("ICEL" or the "Company") by FUJIFILM Holdings Corporation
("FUJIFILM") is being investigated by WeissLaw LLP, a national
class action, shareholder rights law firm. The investigation
focuses on possible breaches of fiduciary duty and other violations
of law by the Board of Directors of ICEL for agreeing to sell the
Company to FUJIFILM. On March 30,
2015, the Company announced a definitive agreement for
FUJIFILM to acquire ICEL in a transaction valued at approximately
$307 million. Under the terms of the
agreement, ICEL shareholders will receive $16.50 in cash for each ICEL share they
own.
WeissLaw is investigating whether ICEL's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the Company recently announced positive financial
results. On March 5, 2015, ICEL
reported total revenues for the fourth quarter of 2014 were
$6.6 million compared to $4.2 million in the same quarter of the previous
year. This represents a 57% increase year over year.
Given these facts, WeissLaw is investigating whether ICEL's
Board acted in the best interests of ICEL's public shareholders by
actively shopping the Company to maximize shareholder value prior
to entering into the agreement with FUJIFILM. If you own ICEL
shares and would like more information about your rights or our
investigation, or if you have information to share with us, please
contact Joshua Rubin or Kelly Keenan by telephone at (888) 593-4771
or by email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a
similar outcome.
WeissLaw LLP
Joshua Rubin
Kelly Keenan
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP