BALA CYNWYD, Pa., Sept. 19, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of IRIS
International, Inc. ("IRIS" or the "Company") (Nasdaq: IRIS)
relating to the proposed acquisition by Danaher Corporation
("Danaher").
Under the terms of the transaction, IRIS shareholders will
receive only $19.50 in cash for each
share of IRIS stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of IRIS for not acting in the Company's
shareholders' best interests in connection with the sale process to
Danaher. The transaction may undervalue the Company as price to
EBITDA and revenue multiples are below comparable transactions.
If you own shares of IRIS stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/478-iris-iris-international-inc.html, by
calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC