Docstoc

Kendall Law Group Investigates TomoTherapy Inc. Acquisition for Shareholders

Document Sample
Kendall Law Group Investigates TomoTherapy Inc. Acquisition for Shareholders Powered By Docstoc
					Kendall Law Group Investigates TomoTherapy
Inc. Acquisition for Shareholders
March 07, 2011 11:38 AM Eastern Time 

DALLAS--(EON: Enhanced Online News)--Kendall Law Group, led by former federal judge Joe Kendall, is
investigating TomoTherapy Inc. (NASDAQ: TOMO) for shareholders in connection with the proposed acquisition
by Accuray Inc. The national securities firm’s investigation seeks to determine whether TomoTherapy and its Board
breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would
provide better value for shareholders. If you are a TomoTherapy shareholder and would like additional information
about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On March 7, 2011, the companies announced the definitive merger agreement under which TomoTherapy would be
acquired by Accuray, in a transaction valued at approximately $277 million. Under the terms of the agreement,
TomoTherapy stockholders will receive $3.15 per share in cash and 0.1648 shares of Accuray (NASDAQ: ARAY)
common stock for each share of TomoTherapy/TOMO common stock held. The consideration offered is valued at
$4.80 per share, a premium of about 31 percent using Friday’s closing prices. According to Thompson/First Call,
analysts have set a price target as high as $5.00 per share for TomoTherapy stock. The firm’s investigation seeks to
determine whether TomoTherapy and its Board negotiated a deal that provides the best value available to
shareholders.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors
and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous
merger and acquisition cases nationwide, including some of the largest transactions in the United States.

Contacts
Kendall Law Group LLP
Scott Kendall, 214-744-3000
Toll Free: 877-744-3728
Facsimile: 214-744-3015
skendall@kendalllawgroup.com
www.kendalllawgroup.com

Permalink: http://eon.businesswire.com/news/eon/20110307006396/en/TomoTherapy-Inc./NASDAQ%3A-
TOMO/TOMO

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:9
posted:3/7/2011
language:English
pages:1
Description: DALLAS--(EON: Enhanced Online News)--Kendall Law Group, led by former federal judge Joe Kendall, is investigating TomoTherapy Inc. (NASDAQ: TOMO) for shareholders in connection with the proposed acquisition by Accuray Inc. img border='0' title='Add to Google' alt='Add to Google' s
EON: Enhanced Online News EON: Enhanced Online News http://eon.businesswire.com
About At EON: Enhanced Online News, we show you how to make your online press release thrive. If you want to drive traffic to your website, generate sales leads, make an announcement, or promote a new product, EON: Enhanced Online News delivers the online visibility that you need. EON: Enhanced Online News powered by Business Wire.