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 gademi@ademilaw.com 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
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SOURCE Ademi & O'Reilly, LLP