Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Life Technologies Corporation (LIFE)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Life Technologies Corporation (“Life Technologies” or the “Company”) (NASDAQ: LIFE) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Thermo Fisher Scientific (NYSE: TMO) in an all-cash deal valued at approximately $13.6 billion, including the assumption of the Company’s net debt in the amount of $2.2 billion. Under the terms of the proposed transaction, Life Technologies’ stockholders will receive $76 in cash for each share of Life Technologies common stock they own.
The investigation focuses on whether Life Technologies’ 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 and by how much this proposed transaction undervalues the Company to the detriment of Life Technologies’ shareholders.
If you own common stock in Life Technologies and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com 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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