Science & Technology
The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Vital Images
NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of Vital Images, Inc. (Nasdaq: VTAL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of Toshiba Medical Systems Corporation. Under the terms of the proposed transaction, Toshiba Medical will acquire all outstanding shares of common stock of Vital Images for $18.75 cash per share representing a total transaction value of approximately $273 million.
The investigation concerns whether the Vital Images Board of Directors breached their fiduciary duties to Vital Images stockholders by failing to adequately shop the Company before entering into this transaction and whether Toshiba Medical is underpaying for Vital Images shares. According to Yahoo! Finance, at least one analyst set a price target for Vital Images stock at $19.00 per share.
If you own common stock in Vital Images and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/vital-images-vtal.html ].
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
