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KEI Keithley Instruments, Inc.

21.58
0.00 (0.00%)
After Hours
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Keithley Instruments, Inc. NYSE:KEI NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 21.58 0.00 00:00:00

Levetown & Jenkins, LLP Announces Investigation into Acquisition of Keithley Instruments Inc. by Danaher Corporation

29/09/2010 11:09pm

Business Wire


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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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