PR Newswire: news distribution, targeting and monitoring
Law Office of Brodsky & Smith, LLC Announces Investigation of Gen-Probe Incorporated
Posted on April 30, 2012 at 23:30 PM EDT

BALA CYNWYD, Pa., April 30, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Gen-Probe Incorporated ("Gen-Probe" or the "Company") (Nasdaq- GPRO) relating to the proposed acquisition by Hologic, Inc. ("Hologic") (Nasdaq-HOLX).

Under the terms of the transaction, Gen-Probe shareholders would receive $82.75 in cash, for each share of Gen-Probe stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Gen-Probe for not acting in the Company's shareholders' best interests in connection with the sale process to Hologic. The transaction may undervalue Gen-Probe as Gen-Probe stock traded at $86.66 as recently as May 18, 2011.

If you own shares of Gen-Probe stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.  You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/417-gpro-gen-probe-incorporated.html, or by calling toll free 877-LEGAL-90.

SOURCE Brodsky & Smith, LLC

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here
Advanced Search
Search
  
  1. Products & Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire