NEW YORK, June 3, 2016 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of FEI Company ("FEIC"
or the "Company") in connection with the proposed acquisition of
the Company by Thermo Fisher Scientific Inc. ("Thermo Fisher"). On May 27, 2016, the Company announced it had
reached a definitive agreement for Thermo
Fisher to acquire all outstanding shares of FEIC for
$107.50 in cash for each share of
Company common stock.
WeissLaw is investigating whether FEIC's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the transaction values FEIC below its 52-week high of
$108.35. Additionally, the
Company recently announced positive financial results in the first
quarter of 2016. The Company reported first quarter revenue
of $229 million, up 3.5% compared
with $221 million for the first
quarter of 2015. It enjoyed record first quarter bookings of
$272 million and a backlog of
$656 million. During the
quarter, the Company paid cash dividends of $12 million, invested $6.1
million in plant and equipment and repurchased 12,599 shares
of its common stock.
Given these facts, WeissLaw is investigating whether FEIC's
Board acted in the best interests of FEIC's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own FEIC shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/contact/report_fraud/.
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SOURCE WeissLaw LLP