Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Genoptix, Inc., in Connection with the Pr...
26 Janvier 2011 - 1:30AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Genoptix, Inc. (“Genoptix” or the “Company”) (NASDAQ:GXDX) related
to the Company’s agreement to be acquired by Novartis AG
(“Novartis”). The proposed transaction is valued at approximately
$470 million.
Under the terms of the definitive merger agreement entered into
by the parties, Novartis will commence an all-cash tender offer to
acquire all outstanding shares of Genoptix common stock for $25.00
per share. The proposed transaction was unanimously approved by the
Company’s board of directors. The transaction is expected to be
completed within the first half of 2011. The investigation concerns
possible breaches of fiduciary duty and other violations of law
related to approval of the proposed transaction by Genoptix’s board
of directors.
If you are a shareholder of Genoptix, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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