Law Firm Brower Piven Announces Investigation in Connection With the Acquisition of Gen-Probe Incorporated by Hologic, Inc.
April 30 2012 - 12:23PM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of Gen-Probe Incorporated (NASDAQ: GPRO)
(“Gen-Probe”) and other violations of state law by the board of
directors of Gen-Probe relating to the proposed acquisition of the
company by Hologic, Inc. (“Hologic”). The firm’s investigation
seeks to determine, among other things, whether the board breached
its fiduciary duties by failing to maximize shareholder value.
On April 30, 2012, Hologic and Gen-Probe announced that they had
entered into an agreement providing for Hologic to acquire
Gen-Probe for $3.7 billion. Under the terms of the merger
agreement, Gen-Probe shareholders will receive $82.75 for each
share of Gen-Probe common stock held.
If you currently own shares of Gen-Probe and would like to learn
more about the investigation being conducted by Brower Piven, you
may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
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