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Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Keithley Instruments, Inc. - KEI

^{Published on 2010-09-29 14:35:12 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Keithley Instruments, Inc. (aKeithleya or the aCompanya) (NYSE: KEI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Danaher Corporation (NYSE: DHR). The proposed transaction offers Keithley shareholders to only receive $21.60 in cash for each share they own. The transaction is valued at approximately $300 million and is expected to be completed during the fourth quarter of 2010. Request more information by clicking here: [ www.faruqilaw.com/keithley ]

Whether the Keithleya™s Board of Directors breached their fiduciary duties to Keithleya™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Keithleya™s shares and by how much this proposed transaction undervalues the Company to the detriment of Keithley shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.

If you own common stock in Keithley and wish to obtain additional information, please visit us at [ www.faruqilaw.com/keithley ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

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