NEW YORK, NY / ACCESSWIRE / November 4, 2016 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed on behalf of those who purchased shares of FEI Company ("FEI" or the "Company") (Formerly listed on NASDAQ: FEIC) on May 26, 2016 in connection with the with the acquisition of FEI by Thermo Fisher Scientific Inc. and Polpis Merger Sub Co. (collectively, "Thermo Fisher").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
FEI is an American company that designs, manufactures, and supports microscope technology.
On May 27, 2016, FEI and Thermo Fisher revealed that they had entered into a merger agreement in which FEI would be acquired by Thermo Fisher (the "Acquisition"). FEI shareholders voted and approved the Acquisition, and received $107.50 in cash for each share of FEI common stock held.
The complaint alleges that defendants breached their fiduciary duties and/or assisted and supported such breaches and violated state and federal law in connection with the Acquisition. Specifically, on June 24, 2016, in an attempt to secure shareholder support for the Acquisition, defendants issued a materially false and misleading Preliminary Proxy Statement on Schedule 14A (the "Proxy"). The Proxy suggested that FEI shareholders vote for the Acquisition and omitted and/or misrepresented material information about the unfair sales process for the Company, the unfair consideration offered in the Acquisition, and the actual inherent value of the Company on a standalone basis and as a merger partner for Thermo Fisher in contravention of ยงยง14(a) and 20(a) of the 1934 Act and/or defendants' fiduciary duty of disclosure under state law.
No Class has yet been certified in the above action. To discuss this action, or for any questions, please visit the firm's site: http://www.bgandg.com/feic or contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in FEI, you have until November 7, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
ReleaseID: 448349
