STEVENSON, Md.--(BUSINESS WIRE)--
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Analogic Corp. (Nasdaq: ALOG) (“Analogic” or the “Company”) relating to the proposed buyout of Analogic by private investment firm Altaris Capital Partners LLC.
Under the terms of the agreement, Analogic shareholders are anticipated to receive $84.00 in cash for each share of Analogic common stock held. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. Particularly, according to Yahoo! Finance, at least one analyst has set a target price of $95.00 per share, or $11.00 above the offer price.
If you currently own common stock of Analogic and believe that the proposed buyout price is too low, and you would like to learn more about the investigation being conducted, without cost or obligation to you, please contact Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
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