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Copyright ©2011 Levi & Korsinsky, LLP
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Washington, DC
| SonoSite, Inc. |
| SonoSite, Inc. (Nasdaq: SONO) shareholder litigation in connection with alleged unfair takeover offer |
On December 15, 2011, SonoSite, Inc. ("SonoSite" or
the "Company") announced that it has agreed to sell
the Company to to FUJIFILM Holdings Corporation.
Under the terms of the transaction, SonoSite
shareholders will receive $54 per share of SonoSite
the "Company") announced that it has agreed to sell
the Company to to FUJIFILM Holdings Corporation.
Under the terms of the transaction, SonoSite
shareholders will receive $54 per share of SonoSite
stock they own. The transaction has a total approximate value of $995 million, including the
assumption of debt.
The investigation concerns whether the SonoSite Board of Directors breached their fiduciary duties
to SonoSite stockholders by failing to adequately shop the Company before entering into this
transaction and whether FUJIFILM Holdings Corporation is underpaying for SonoSite shares, thus
unlawfully harming SonoSite stockholders.
assumption of debt.
The investigation concerns whether the SonoSite Board of Directors breached their fiduciary duties
to SonoSite stockholders by failing to adequately shop the Company before entering into this
transaction and whether FUJIFILM Holdings Corporation is underpaying for SonoSite shares, thus
unlawfully harming SonoSite stockholders.
