NEW YORK, April 1, 2015 /PRNewswire/ -- The fairness of the proposed acquisition of Cellular Dynamics International ("ICEL" or the "Company") by FUJIFILM Holdings Corporation ("FUJIFILM") is being investigated by WeissLaw LLP, a national class action, shareholder rights law firm. The investigation focuses on possible breaches of fiduciary duty and other violations of law by the Board of Directors of ICEL for agreeing to sell the Company to FUJIFILM. On March 30, 2015, the Company announced a definitive agreement for FUJIFILM to acquire ICEL in a transaction valued at approximately $307 million. Under the terms of the agreement, ICEL shareholders will receive $16.50 in cash for each ICEL share they own.
WeissLaw is investigating whether ICEL's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the Company recently announced positive financial results. On March 5, 2015, ICEL reported total revenues for the fourth quarter of 2014 were $6.6 million compared to $4.2 million in the same quarter of the previous year. This represents a 57% increase year over year.
Given these facts, WeissLaw is investigating whether ICEL's Board acted in the best interests of ICEL's public shareholders by actively shopping the Company to maximize shareholder value prior to entering into the agreement with FUJIFILM. If you own ICEL shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin or Kelly Keenan by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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WeissLaw LLP
Joshua Rubin
Kelly Keenan
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New York, NY 10036
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stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP