SAN DIEGO, May 27, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of FEI Company (NASDAQ: FEIC)
breached their fiduciary duties in connection with the proposed
sale of the Company to Thermo Fisher Scientific Inc. (NYSE: TMO).
FEI supplies scientific instruments and related services for
nanoscale applications and solutions for industry and science.
On May 27, 2016, FEI announced it
had signed a definitive merger agreement with Thermo Fisher
Scientific. Under the terms of the agreement, FEI shareholders will
receive $107.50 in cash per share of
common stock they hold.
The investigation concerns whether the FEI board failed to
satisfy their duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for FEI shares
of common stock. Nationally recognized Johnson & Weaver is
investigating whether the proposed deal price represents adequate
consideration; especially given that the price target for
one Wall Street analyst is $115.00.
Additionally, FEI has no long term debt and over $300 million in cash.
If you are a shareholder of FEI and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please
include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP