Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Clarient, Inc. (“Clarient” or the “Company”) (NASDAQ:CLRT) related to the Company’s agreement to be acquired by GE Healthcare, a unit of General Electric Company (“GE”). The proposed transaction is valued at approximately $580 million.
Under the terms of the definitive agreement entered into by the parties, a subsidiary of GE will commence a tender offer to purchase all outstanding common and preferred shares of Clarient, for $5.00 in cash per common share and $20.00 in cash per preferred share. Clarient’s board of directors has unanimously approved the proposed transaction. The transaction is expected to be completed by late 2010 or early 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Clarient’s board of directors.
If you are a shareholder of Clarient, 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
email@example.com, or visit our website at