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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Vital Images, Inc. (MM) | NASDAQ:VTAL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.79 | 0 | 00:00:00 |
Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Vital Images, Inc. (NASDAQ: VTAL) (referred to as "Vital Images") by Toshiba Medical Systems Corporation (“TMSC”) in a cash transaction valued at approximately $273 million in the aggregate, through a cash tender offer followed by a merger.
Under the terms of the merger agreement, which has been unanimously approved by each of Vital Images' and TMSC's boards of directors, Vital Images' shareholders will receive $18.75 in cash for each outstanding share of Vital Images common stock they own. Under the terms of the agreement, it is anticipated that an affiliate of TMSC will commence a tender offer for all of the outstanding shares of Vital Images by May 11, 2011.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders. If you are a holder of Vital Images stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.
If you are a shareholder of Vital Images and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to Vital.
Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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