The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Beckman Co...
08 Februar 2011 - 8:51PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Beckman Coulter, Inc. (NYSE: BEC) 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). Under the terms of the proposed transaction, Beckman
shareholders will receive $83.50 per share of Beckman stock they
own, for a total transaction value of $6.8 billion, including the
assumption of debt.
The investigation concerns whether the Beckman Board of
Directors breached their fiduciary duties to Beckman stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Danaher Corporation is underpaying for
Beckman shares, thus unlawfully harming Beckman stockholders. At
least one analyst set a price target of $85.00 per share for
Beckman stock.
If you own common stock in Beckman 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/beckmancoulter.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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