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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Vital Images, Inc., in Connection with the

^{Published on 2011-05-06 18:20:52 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Vital Images, Inc. (aVital Imagesa or the aCompanya) (NASDAQ: VTAL) related to the Companya™s agreement to be acquired by Toshiba Medical Systems Corporation (aTMSCa). The all-cash transaction is valued at approximately $273 million.

Under the terms of the definitive agreement entered into by the parties, a subsidiary of TMSC will commence a tender offer to acquire all outstanding shares of Vital Images common stock for $18.75 per share. Under the terms of the agreement, it is anticipated that the tender offer will commence by May 11, 2011. The transaction is expected to be completed in the second or third quarter of 2011. The proposed transaction was unanimously approved by the Companya™s board of directors. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Vital Imagesa™ board of directors

If you are a shareholder of Vital Images, 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 ].