BALA CYNWYD, Pa., Sept. 8, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Cepheid ("Cepheid" or "the Company") (Nasdaq- CPHD-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Danaher Corporation. ("Danaher").
Click here to learn more about the investigation http://brodsky-smith.com/1116-cphd-cepheid.html or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Cepheid shareholders will receive only $53.00 in cash for each share of Cepheid stock they own. The investigation concerns whether the Board of Cepheid breached their fiduciary duties to shareholders and whether Danaher is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many long-term holders of Cepheid stock. For example, Cepheid stock has sold as high as $61.15 per share on June 1, 2015 and revenues have increased at a compound annual growth rate of 14.7% since 2011. In addition, Cepheid has indicated that coupled with the Company's innovative Omni point care system, it's Xpert Finger Stick HIV-1 Viral Load Assay has the potential to revolutionize the management of HIV patients on a worldwide basis.
If you own shares of Cepheid stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1116-cphd-cepheid.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE Brodsky & Smith, LLC