DALLAS, July 5, 2011 (GLOBE NEWSWIRE) -- The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Immucor, Inc. ("Immucor" or "BLUD") related to the sale of Immucor to TPG Capital.
The definitive merger agreement, which was announced on July 5, 2011, involves a transaction valued at approximately $1.973 billion. Under the proposed buyout, Immucor shareholders will receive $27.00 in cash for each share of Immucor/BLUD common stock they hold. It is anticipated that IVD Acquisition Corporation, an affiliate of TPG Capital, will commence a tender offer for all outstanding shares of Immucor by July 15, 2011.
The Briscoe Law Firm and Powers Taylor are jointly investigating the fairness of the proposed transaction to Immucor shareholders, whether the shareholders are being underpaid for their stock, and whether Immucor's Board of Directors acted in the shareholders' best interests.
If you currently own shares of Immucor/BLUD and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
The Powers Taylor, LLP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9935