The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of Keithley Instruments, Inc. by Danaher Co...
September 29 2010 - 2:02PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors ("Board") of Keithley
Instruments, Inc. ("Keithley" or the "Company") (NYSE: KEI) in
connection with their efforts to sell Keithley to Danaher
Corporation ("Danaher") (NYSE: DHR). If the transaction is
completed, Keithley shareholders will receive $21.60 in cash for
each share of Keithley common stock they hold. The transaction is
expected to be completed during the fourth quarter of the 2010
calendar year.
Robbins Umeda LLP's investigation concerns whether Keithley's
Board undertook a fair process to obtain fair consideration for all
shareholders of Keithley. Specifically, our investigation concerns
whether members of the Company's Board breached their fiduciary
duties to Keithley shareholders by failing to adequately shop the
Company before entering into the transaction with Danaher. Of
particular note, Keithley had a strong third quarter of 2010,
reporting net sales of $30.7 million, an increase of 31% for the
same quarter of the prior year.
If you are a shareholder of Keithley, plan to continue to hold
your shares, and would like more information about your rights as a
shareholder, please contact attorney Gregory E. Del Gaizo at
800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP is a securities litigation firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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