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 (firstname.lastname@example.org) 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.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP