Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of IRIS International Inc. (IRIS)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of IRIS International Inc. (“IRIS” or the “Company”) (NASDAQ: IRIS) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Danaher Corporation (NYSE: DHR) in an all-cash deal valued at approximately $338 million. Under the terms of the proposed transaction, IRIS stockholders will receive $19.50 in cash for each share of IRIS common stock they own. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.
Whether IRIS’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues IRIS’s shares and by how much this proposed transaction undervalues the Company to the detriment of IRIS’s shareholders are the key focus of this investigation.
If you own common stock in IRIS and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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