An investigation on behalf of investors of Cellular Dynamics International Inc (NASDAQ:ICEL) in connection with the proposed takeover was announced and NASDAQ:ICEL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/06/2015 -- An investigation on behalf of investors, who currently hold shares of Cellular Dynamics International Inc (NASDAQ:ICEL), was announced concerning whether the takeover of Cellular Dynamics International Inc by FUJIFILM Holdings Corporation is unfair to NASDAQ:ICEL stockholders.
Investors who purchased shares of Cellular Dynamics International Inc (NASDAQ:ICEL) and currently hold any of those NASDAQ:ICEL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Cellular Dynamics International Inc breached their fiduciary duties owed to CNASDAQ:ICEL investors in connection with the proposed acquisition.
On March 30, 2015 FUJIFILM Holdings Corporation and Cellular Dynamics International Inc (NASDAQ:ICEL) announced that the two companies have entered into an agreement whereby Fujifilm Holdings Corporation will acquire Cellular Dynamics International Inc (NASDAQ:ICEL) via an all-cash tender offer to be followed by a second step merger. Fujifilm aims to acquire all issued and outstanding shares of Cellular Dynamics International's common stock for $ 16.5 per share or approximately $ 307 million (on a fully diluted basis).
However, given that NASDAQ:ICEL shares traded in early 2014 as high as $19.76 and in late 2013 as high as $21.49 per share, the investigation concerns whether the offer is unfair to NASDAQ:ICEL stockholders. More specifically, the investigation concerns whether the Cellular Dynamics International 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.
Cellular Dynamics International Inc reported that annual Total Revenue rose from $2.60 million in 2011 to $16.69 million in 2014.
Shares of Cellular Dynamics International Inc (NASDAQ:ICEL) closed on April 2, 2015, at $16.46 per share.
Those who are current investors in Cellular Dynamics International Inc (NASDAQ:ICEL) 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