Skip to main content

Market Overview

Kendall Law Group Announces Shareholder Class Action Against Varian, Inc.

Share:

DALLAS, TX--(Marketwire - August 13, 2009) - Kendall Law Group, led by a former federal judge
and former US Attorney, today announced that a lawsuit has been filed
against Varian, Inc. (NASDAQ: VARI) challenging the proposed acquisition of
Varian by Agilent Technologies (NYSE: A). If you wish to learn more about
your rights as a Varian shareholder or serving as a plaintiff, contact
attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.

According to the complaint, filed in Santa Clara County Superior Court,
Varian has announced that it has entered into a definitive merger agreement
with Agilent. Under this agreement, Varian shareholders will receive
$52.00 in cash for each Varian share they own, for a total transaction
value of approximately $1.5 billion. Given that Varian shares traded close
to $70.00 per share in 2008, this transaction appears to be unfair. Also,
the Varian Board agreed to a no-solicitation provision and a $46 million
termination fee that will ensure that no superior offer will be
forthcoming.

Kendall Law Group has extensive experience representing shareholders, at no
charge, in lawsuits like the one against Varian and its Board of
Directors. Although every case is different, the firm has previously
stripped away deal protection devices so competitive bidders could buy the
company for a higher price. The firm has also successfully produced more
information about mergers and acquisitions to the market, so shareholders
can make informed decisions. Contact Hamilton Lindley at 877-744-3728 or
by email at hlindley@kendalllawgroup.com, if you would like to be a
plaintiff in this case.

 

Related Articles (A + TX)

View Comments and Join the Discussion!