Faruqi & Faruqi, LLP Announces Investigation of Gen-Probe Inc.
May 01 2012 - 7:15PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Gen-Probe Inc. (“Gen-Probe” or the “Company”) (NASDAQ:
GPRO) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Hologic Inc.
(NASDAQ: HOLX) in an all-cash transaction valued at approximately
$3.7 billion, including Gen-Probe’s net debt. Under the terms of
the proposed transaction, Gen-Probe shareholders will receive
$82.75 in cash per each share of Gen-Probe common stock they
own.
Request more information now by clicking here:
www.faruqilaw.com/GPRO. There is no cost or obligation to you.
Whether Gen-Probe’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues
Gen-Probe’s shares and by how much this proposed transaction
undervalues the Company to the detriment of Gen-Probe’s
shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Gen-Probe and wish to obtain
additional information and protect your investment free of charge,
please visit us at www.faruqilaw.com/GPRO or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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