Shareholder Alert: Powers Taylor Law Firm Investigates NightHawk Radiology Holdings’ Board Concerning the Acquisition by Vi...
27 Setembro 2010 - 4:01PM
Business Wire
The law firm of Powers Taylor, LLP is investigating potential
legal claims against the Board of Directors of NightHawk Radiology
Holdings, Inc. (“NightHawk Radiology”) (NASDAQ: NHWK) related to
the proposed acquisition and buyout of NightHawk by Virtual
Radiologic Corp.
The definitive acquisition agreement involves an all-cash
transaction valued at $170 million under which NightHawk Radiology
shareholders will receive $6.50 in cash for each share of
NightHawk/NHWK common stock they hold. The acquisition transaction,
which was announced on September 27, 2010, is expected to be
completed in the first quarter of 2011. Although the proposed
buyout price represents a 100% premium over NightHawk’s closing
price on September 17, 2010, NightHawk shares closed well above the
acquisition price in 2009.
The investigation relates to possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
NightHawk Radiology for approving this transaction, whether the
consideration to be received by NightHawk Radiology shareholders is
fair, and whether NightHawk Radiology’s Board of Directors acted in
the shareholders’ best interests.
If you currently own shares of NightHawk Radiology/NHWK and
would like additional information regarding this investigation, or
if you have information regarding the allegations involving this
transaction, please contact Patrick Powers at Powers Taylor, LLP,
toll free (877) 728-9607 or via e-mail at patrick@powerstaylor.com.
There is no cost or fee to you.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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