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KEI Keithley Instruments, Inc.

21.58
0.00 (0.00%)
17 Jan 2025 - Closed
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

Shareholder Alert: Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Keithley Instruments, Inc. - KEI

29/09/2010 10:23pm

Business Wire


Keithley (NYSE:KEI)
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Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Keithley Instruments, Inc. (“Keithley” or the “Company”) (NYSE: KEI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Danaher Corporation (NYSE: DHR). The proposed transaction offers Keithley shareholders to only receive $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. Request more information by clicking here: www.faruqilaw.com/keithley

Whether the Keithley’s Board of Directors breached their fiduciary duties to Keithley’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Keithley’s shares and by how much this proposed transaction undervalues the Company to the detriment of Keithley shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Keithley and wish to obtain additional information, please visit us at www.faruqilaw.com/keithley or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.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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