Science & Technology
Kendall Law Group Investigates Vital Images, Inc. Acquisition for Shareholders
DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Vital Images, Inc. (NASDAQ: VTAL) for shareholders in connection with the proposed acquisition by Toshiba Medical Systems Corporation ("TMSC"). The national securities firma™s investigation seeks to determine whether Vital Images and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Vital Images shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].
On April 27, 2011, the companies announced the definitive merger agreement under which Vital Images would be acquired by TMSC, in a transaction valued at approximately $273 million. Under the terms of the agreement, Vital Images stockholders will receive $18.75 in cash for each share of Vital Images/VTAL common stock held. According to Thompson/First Call, analysts have set a price target as high as $19.00 per share for Vital Images stock. The firma™s investigation seeks to determine whether Vital Images and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
