Science & Technology
Thu, September 20, 2012
DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the sale of IRIS International, Inc. (aIRISa)(Nasdaq: IRIS) to Danaher Corporation for shareholders. The proposed IRIS International merger is valued at approximately $338 million and shareholders will receive only $19.50 in cash for each share of IRIS stock owned.
"Given that IRIS reported record revenues and increased sales in the second quarter, our investigation is aimed to ensure that the sale does not undervalue shares of IRIS. Our lawsuit will seek to obtain the highest possible price for their shares"
There is no cost or fee for affected IRIS investors to join the action, so if you want to learn more about the lawsuit or join the action, 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, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ].
Our IRIS sale investigation centers on whether IRIS shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues IRIS stock, and whether IRISas board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. aGiven that IRIS reported record revenues and increased sales in the second quarter, our investigation is aimed to ensure that the sale does not undervalue shares of IRIS. Our lawsuit will seek to obtain the highest possible price for their shares,a said shareholder rights attorney Willie Briscoe.
[ The Briscoe Law Firm, PLLC ] 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 [ Dallas 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.
