N@N

The Briscoe Law Firm Investigates Keithley Instrumentsa? Board Concerning the Acquisition of Keithley Instruments by Danaher Co

^{Published on 2010-10-01 10:15:29 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of [ Keithley Instruments, Inc. ] (aKeithley Instrumentsa or aKEIa) (NYSE: KEI) related to the proposed acquisition of Keithley Instruments by Danaher Corporation.

The definitive merger agreement, which was announced on September 29, 2010, involves a transaction valued at approximately $300 million, net of cash assumed, under which Keithley Instruments shareholders will receive only $21.60 in cash for each share ofKeithley Instruments/KEI common stock and Class B common stock held. The proposed acquisition price represents a premium over Keithley Instrumentsa™ closing price on September 28, 2010. However, due to Keithley Instrumentsa™ strong 2010 third quarter earnings, which represent an increase of 31% over the prior yeara™s third quarter earnings results, the proposed price appears to be unfair to Keithley Instruments shareholders.

The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Keithley Instruments for approving this transaction, whether the consideration to be received by Keithley Instruments shareholders is fair, and whether Keithley Instrumentsa™ Board of Directors acted in the shareholdersa™ best interests.

If you currently own shares of Keithley Instruments/KEI and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.