Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Clarient, Inc.
10 Novembre 2010 - 10:00PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Clarient, Inc. (NASDAQ: CLRT - News) ("Clarient" or
the “Company”) by GE Healthcare, a unit of General Electric Company
("GE"), in a cash transaction valued at approximately $580
million.
Under the terms of the definitive agreement, a subsidiary of GE
has commenced a tender offer for all outstanding common and
preferred shares of Clarient at $5.00 per common share and $20.00
per preferred share, in each case payable in cash. The transaction
is structured as an all-cash tender offer by a subsidiary of GE,
followed by a second step merger of the companies in which GE will
acquire any Clarient shares not purchased in the tender offer.
Stockholders holding approximately 47 percent of Clarient's current
outstanding voting stock have agreed, among other things, to tender
their shares in the proposed transaction. The tender offer is set
to expire on December 6, 2010.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Clarient stock and want to discuss your
legal rights, you may e-mail or call Bull & Lifshitz, LLP who
will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Clarient and would like more
information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an
e-mail including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to Clarient.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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