NEW YORK, May 31, 2016 /PRNewswire/ -- Milberg LLP is investigating possible breaches of fiduciary duty and other violations of law in connection with the proposed acquisition of FEI Company (NASDAQ: FEIC) ("FEI") by Thermo Fisher Scientific Inc. (NYSE: TMO) ("Thermo Fisher").
On May 27, 2016, Thermo Fisher and FEI announced that their boards of directors had unanimously approved Thermo Fisher's acquisition of FEI for $107.50 per share in cash. The transaction represents a purchase price of approximately $4.2 billion. However, the approximately $107.50 merger consideration is well below at least one analyst target price of $115.00 per share.
Milberg LLP's investigation is focusing on the potential unfairness of the consideration being provided to FEI's stockholders and the process by which FEI's Board of Directors considered and approved the proposed deal.
Concerned investors are invited to contact the Milberg attorneys listed below to discuss the investigation, their rights, and/or potential remedies.
Founded in 1965, Milberg LLP was one of the first law firms to prosecute class actions in federal courts on behalf of investors and consumers and has been representing investors and consumers for more than four decades, and has recovered billions of dollars on behalf of aggrieved stockholders and consumers in complex class and derivative litigation nationwide. Milberg LLP, with offices in Manhattan, Los Angeles and Detroit, is widely recognized as a leader in defending the rights of victims of corporate and other large-scale wrongdoing, serving as lead counsel in federal and state courts throughout the United States. For more information, please visit the firm website at www.milberg.com.
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SOURCE Milberg LLP