Alert: Pall Corporation Buyout Being Investigated by Rigrodsky & Long, P.A.

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By J Maslow

The board of directors for Pall Corporation (NYSE: PLL) are being investigated for possible breach of fiduciary duties. Rigrodsky & Long, P.A. announced the investigation on Wednesday. The board of directors at Pall Corporation are also being investigated for possible violations in relation to the company being purchased by Danaher Corporation (NYSE: DHR).

The transaction is valued at $13.8 billion.

Rigrodsky & Long are investigating whether the board of directors properly shopped the company around and received the highest possible offer for the company. The directors are believed to have entered into a deal with Danaher without ensuring that the best possible deal was made.

Under the current buyout agreement, shareholders would receive $127.20 in cash per share that is owned.

The news of the investigation has not caused Pall Corp stock to fall. The stock is up to $124.25 a share, up 4.75% on the day. Danaher stock is also up on the news by nearly 2%, up to $87.75 a share and steadily rising.

Rigrodsky & Long, P.A. released a press release about the investigation and is calling for stockholders that bought the company’s stock prior to May 13, 2015 to call the firm at (888) 969-4242 if they believe the buyout is too low.

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