Levetown & Jenkins, LLP Announces Investigation into Acquisition of Keithley Instruments Inc. by Danaher Corporation
September 29 2010 - 6:09PM
Business Wire
Levetown & Jenkins, LLP is conducting an investigation into
alleged breaches of fiduciary duties and violations of state law by
Keithley Instruments Inc. (“Keithley”) (NYSE:KEI) and its Board of
Directors in conjunction with the proposed sale of Keithley to
Danaher Corporation. Under the terms of the proposed transaction,
Keithley shareholders will receive only $21.60 in cash for each
share they own. The transaction is valued at approximately $300
million and is expected to be completed during the fourth quarter
of 2010.
The firm’s investigation concerns whether the proposed
transaction properly values Keithley. Specifically, the
investigation seeks to determine whether the Keithley Board of
Directors engaged in a fair process to obtain adequate
consideration for all of the company's shareholders, whether the
transaction undervalues the company to the detriment of its
shareholders and, if so, the extent to which the company is
undervalued in the proposed transaction.
Levetown & Jenkins, LLP is a national law firm comprised of
former federal and state prosecutors with extensive experience in
the investigation and prosecution of shareholder fraud. The firm
specializes in the representation of investors in shareholder and
securities fraud class actions. If you currently own common stock
in Keithley and wish to obtain additional information about your
rights as a shareholder, please contact Michael T. Harrison, Esq.
by telephone at (877) 494-8808 or (713) 392-7465, or by email at
mharrison@levjen.com. For more information about the firm, please
visit www.levjen.com.
Attorney Advertising. (C) 2010 Levetown & Jenkins, LLP. The
law firm responsible for this advertisement is Levetown &
Jenkins, LLP (www.levjen.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We are
happy to discuss your particular case.
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