SOURCE: Kendall Law Group

Kendall Law Group

August 13, 2009 13:35 ET

Kendall Law Group Announces Shareholder Class Action Against Varian, Inc.

DALLAS, TX--(Marketwire - August 13, 2009) - Kendall Law Group, led by a former federal judge and former US Attorney, today announced that a lawsuit has been filed against Varian, Inc. (NASDAQ: VARI) challenging the proposed acquisition of Varian by Agilent Technologies (NYSE: A). If you wish to learn more about your rights as a Varian shareholder or serving as a plaintiff, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.

According to the complaint, filed in Santa Clara County Superior Court, Varian has announced that it has entered into a definitive merger agreement with Agilent. Under this agreement, Varian shareholders will receive $52.00 in cash for each Varian share they own, for a total transaction value of approximately $1.5 billion. Given that Varian shares traded close to $70.00 per share in 2008, this transaction appears to be unfair. Also, the Varian Board agreed to a no-solicitation provision and a $46 million termination fee that will ensure that no superior offer will be forthcoming.

Kendall Law Group has extensive experience representing shareholders, at no charge, in lawsuits like the one against Varian and its Board of Directors. Although every case is different, the firm has previously stripped away deal protection devices so competitive bidders could buy the company for a higher price. The firm has also successfully produced more information about mergers and acquisitions to the market, so shareholders can make informed decisions. Contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com, if you would like to be a plaintiff in this case.

Contact Information