Wolf Haldenstein Investigating Home Diagnostics, Inc. Proposed Acquisition
February 03 2010 - 12:33PM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of Home Diagnostics, Inc.
(“Home Diagnostics” or the “Company”) [NASDAQ:HDIX] arising out of
the proposed acquisition of Home Diagnostics by Nipro Corporation
(“Nipro”).
On Wednesday, February 3, 2010, Home Diagnostics announced that
Nipro will acquire it pursuant to a cash tender offer. Under the
terms of the agreement, Home Diagnostics stockholders will receive
cash of $11.50 in exchange for each share of Home Diagnostics
common stock. However, the Company may not have adequately shopped
itself around before entering into this transaction and, pursuant
to this proposed transaction, Nipro may be underpaying for Home
Diagnostics, thus unlawfully harming Home Diagnostics
shareholders.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own Home Diagnostics common stock and you wish to discuss
this matter with us, or have any questions concerning your rights
and interests with regard to this matter, please contact:
Gustavo Bruckner or Derek BehnkeWolf Haldenstein Adler
Freeman& Herz LLP270 Madison AvenueNew York, New York
10016Phone Numbers: (800) 575-0735(212) 545-4600
Email: bruckner@whafh.comClassmember@whafh.com
Website: http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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