NEW YORK, May 17, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Abaxis Inc. ("ABAX"
or the "Company") (NASDAQ: ABAX) in connection with the proposed
acquisition of the Company by Zoetis Inc. ("Zoetis"). Under
the terms of the acquisition agreement ABAX shareholders will
receive $83.00 in cash for each share
they own.
WeissLaw is investigating whether ABAX's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of
$90.00 per share, or $7.00 above the offer price. Additionally,
ABAX recently announced positive financial results. It
reported revenue of $67.9 million,
representing an increase of 17% when compared to the figures
reported in the same period of the previous year.
Given these facts, WeissLaw is investigating whether ABAX's
Board acted in the best interests of ABAX's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own ABAX 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 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/abaxis-inc/
View original
content:http://www.prnewswire.com/news-releases/weisslaw-llp-investigates-abaxis-inc-300650737.html
SOURCE WeissLaw LLP