The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Gen-Pr...
April 30 2012 - 11:45AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Gen-Probe Incorporated (“Gen-Probe” or the “Company”) (Nasdaq:
GPRO) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Hologic,
Inc. (Nasdaq: HOLX). Under the terms of the agreement, Gen-Probe
shareholders will receive $82.75 for each share of Gen-Probe stock
they own. The transaction has a total approximate value of $3.7
billion.
Click here to learn how to join the action:
http://www.zlk.com/gen-probe-gpro, or call: 877-363-5972. There is
no cost or obligation to you.
The investigation concerns whether the Gen-Probe Board of
Directors breached their fiduciary duties to Gen-Probe stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Hologic, Inc. is underpaying for Gen-Probe
shares, thus unlawfully harming Gen-Probe stockholders.
If you own common stock in Gen-Probe and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
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