Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Immucor, Inc. (Nasdaq: BLUD), arising from its proposed acquisition by TPG Capital. Under the acquisition agreement, Immucor shareholders will receive $27 per share. Through its affiliate, IVD Acquisition Corp., TPG expects to commence a tender offer for all outstanding shares of Immucor no later than July 15, 2011. The acquisition is expected to close in the second half of 2011. Weiss & Lurie is investigating whether Immucor’s Board acted in the best interests of shareholders in approving the acquisition and whether the Board properly sought to maximize shareholder value. Before the deal was announced, at least one analyst had set a price target of $28 for Immucor. If you own Immucor shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun either by email at email@example.com or by telephone at (888) 593-4771. Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/. Attorney Advertising. Past results do not guarantee a similar outcome.
Shares of Immucor (Nasdaq:BLUD) have taken a tremendous swing upward. The stock is trading at $26.96 as of 9:31 a.m. ET, 30.1% above Friday's closing price of $20.73. Volume is at 1.8 million, 3.9 times the daily average of 464,400.