Bull & Lifshitz, LLP Announces Investigation Of The Acquisition Of Clarient, Inc.
Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Clarient, Inc. (NASDAQ: CLRT - News) ("Clarient" or the “Company”) by GE Healthcare, a unit of General Electric Company ("GE"), in a cash transaction valued at approximately $580 million.
Under the terms of the definitive agreement, a subsidiary of GE has commenced a tender offer for all outstanding common and preferred shares of Clarient at $5.00 per common share and $20.00 per preferred share, in each case payable in cash. The transaction is structured as an all-cash tender offer by a subsidiary of GE, followed by a second step merger of the companies in which GE will acquire any Clarient shares not purchased in the tender offer. Stockholders holding approximately 47 percent of Clarient's current outstanding voting stock have agreed, among other things, to tender their shares in the proposed transaction. The tender offer is set to expire on December 6, 2010.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.
If you are a holder of Clarient stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.If you are a shareholder of Clarient and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: email@example.com. All e-mail correspondence should make reference to Clarient. Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com. ATTORNEY ADVERTISING . © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41 st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter .
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