WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Luminex Corporation in connection with the proposed acquisition of the Company by Italian diagnostics group DiaSorin S.p.A. Under the terms of the merger agreement, the Company’s shareholders will receive only $37.00 per share in cash for each share of Luminex common stock that they hold. The all-cash transaction is valued at $1.8 billion.
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Joshua Rubin, Esq.
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WeissLaw LLP is investigating whether (i) Luminex’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $37.00 per-share merger consideration adequately compensates Luminex’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, the $37.00 merger consideration is $11.00 below the high analyst price target set for the company’s stock of $48.00.
WeissLaw LLP 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 clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org