Rigrodsky & long, p.a. announces investigation of sonosite, inc.’s sale to fujifilm holdings corporation

Wilmington, del.--(business wire)--rigrodsky & long, p.a. announces that it is investigating potential claims against the board of directors of sonosite, inc. (“sonosite” or the “company”) (nasdaq: sono) concerning possible breaches of fiduciary duty and other violations of law related to the company’s entry into an agreement to be acquired by fujifilm holdings corporation (“fujifilm”) in a transaction with an approximate value of $995 million. click here to learn more and to discuss your shareholder rights: http://investigations.rigrodskylong.com/sonosite-inc-sono/. under the proposed agreement, fujifilm, through a u.s. subsidiary, will make an all-cash tender offer to purchase all outstanding shares of sonosite common stock for $54.00 per share in cash. the investigation concerns whether sonosite’s board of directors adequately shopped the company to obtain the best price possible for sonosite shareholders before entering into the agreement with fujifilm. indeed, as recent as october 25, 2011, sonosite announced its third quarter 2011 financial results wherein it reported a 10% rise in revenues for the quarter, an 18% rise in revenues for first nine months, and an increase of 16% for overall order booking rates in the quarter. if you own the common stock of sonosite and purchased your shares before december 15, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact seth d. rigrodsky, esquire or noah r. wortman, case development director, of rigrodsky & long, p.a., 919 n. market street, suite 980, wilmington, delaware 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com. rigrodsky & long, p.a., with offices in wilmington, delaware and garden city, new york, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the delaware court of chancery and in state and federal courts throughout the united states. attorney advertising. prior results do not guarantee a similar outcome.
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