NEW YORK, April 29, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Vital Images, Inc. ("Vital Images" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of Toshiba Medical Systems Corporation ("TMSC"). Under the terms of the transaction TMSC will acquire all outstanding shares of common stock of Vital Images for $18.75 cash per share. The transaction has a total value of approximately $273 million.
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The investigation concerns whether the Vital Images Board of Directors breached their fiduciary duties to Vital Images stockholders by failing to adequately shop the Company before entering into this transaction and whether TMSC is underpaying for Vital Images shares, thus unlawfully harming Vital Images stockholders. In particular, at least one analyst set a price target of $19.00 per share of Vital Images stock.
If you own common stock in Vital Images and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit .
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com