NEW YORK, Feb. 7, 2011 (GLOBE NEWSWIRE) -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Beckman Coulter Inc. (NYSE:BEC) concerning possible breaches of fiduciary duty and other violations of law related to the Company's agreed upon sale of Beckman Coulter to Danaher Corp. ("DHR") in a transaction valued at approximately $6.8 billion.
Under the terms of the definitive agreement, DHR will begin a tender offer whereby Beckman Coulter shareholders will receive $83.50 per share for each outstanding share. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Beckman Coulter. Beckman Coulter had been contacted by several third party strategic buyers, who had expressed interest in acquiring Beckman Coulter, and agreed to enter into an agreement with DHR despite a premium of only 11% over the closing price of the stock on the day before the announcement.
If you own shares of Beckman Coulter and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Matthew Houston toll free at (877) 935-7400 or to sign up online, visit www.hfesq.com. You may also email Mr. Houston at mhouston@hfesq.com. For more information about class action cases in general, please visit our website: www.hfesq.com.
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