An investigation on behalf of investors of Cepheid (NASDAQ:CPHD) in connection with the proposed takeover was announced and NASDAQ:CPHD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/13/2016 -- The acquisition of Cepheid is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold NASDAQ:CPHD shares, concerning whether the takeover of Cepheid by Danaher Corporation for $53 per share is unfair to NASDAQ:CPHD stockholders.
Investors who purchased shares of Cepheid (NASDAQ:CPHD) and currently hold any of those NASDAQ:CPHD shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Cepheid breached their fiduciary duties owed to NASDAQ:CPHD investors in connection with the proposed acquisition.
On September 6, 2016, Cepheid (NASDAQ:CPHD) announced that it has entered into an agreement with Danaher Corporation (NYSE: DHR) under which Danaher will acquire all of the outstanding shares of Cepheid (NASDAQ:CPHD) common stock for $53 per share in cash, or a total enterprise value of approximately $4 billion including indebtedness and net of acquired cash.
However, the investigation concerns whether the offer is unfair to Cepheid (NASDAQ:CPHD stockholders. More specifically, the investigation concerns whether the Cepheid (NASDAQ:CPHD Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Cepheid reported that its annual Total Revenue rose from $331.21 million in 2012 to $538.58 million in 2015.
On September 12, 2016, NASDAQ:CPHD shares closed at $52.39 per share.
Those who are current investors in Cepheid shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com