The Law Office of Robbins Umeda LLP Announces an Update on Its Investigation of the Acquisition of Keithley Instruments, Inc....
27 Ottobre 2010 - 2:24AM
Business Wire
As previously announced, Robbins Umeda LLP has commenced an
investigation into possible breaches of fiduciary duty and other
violations of state law by members of the Board of Directors
("Board") of Keithley Instruments, Inc. ("Keithley" or the
"Company") (NYSE: KEI) in connection with their efforts to sell
Keithley to Danaher Corporation ("Danaher") (NYSE: DHR). If the
transaction is completed, Keithley shareholders will receive $21.60
in cash for each share of Keithley common stock they hold. The
transaction is expected to be completed during the fourth quarter
of the 2010 calendar year.
Robbins Umeda LLP's investigation concerns whether, in entering
into the definitive merger agreement, Keithley's Board undertook a
fair process to obtain fair consideration for all shareholders of
Keithley. Specifically, our investigation concerns whether members
of the Company's Board breached their fiduciary duties to Keithley
shareholders by failing to adequately shop the Company before
entering into the transaction with Danaher. Moreover, the
investigation now also concerns whether the Company's definitive
proxy statement filed with the U.S. Securities and Exchange
Commission on October 25, 2010, contains all material information
that must be disclosed to shareholders.
If you are a shareholder of Keithley, plan to continue to hold
your shares, and would like more information about your rights as a
shareholder, please contact attorney Gregory E. Del Gaizo at
800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP is a securities litigation 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 go to http://www.robbinsumeda.com.
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