SAN DIEGO, April 11, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Analogic Corporation ALOG ("Analogic") breached their fiduciary duties in connection with the proposed sale of the Company to Altaris Capital Partners LLC. Analogic, designs, manufactures, and sells medical imaging systems, ultrasound and security systems, and subsystems to original equipment manufacturers (OEMs) and end users primarily for the medical and airport security markets worldwide.

On April 10, 2018, Analogic announced that it had signed a definitive merger agreement with Altaris. Under the terms of the agreement, Analogic shareholders will receive only $84 per share in cash.

The investigation concerns whether the Analogic board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Analogic shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has a $95 price target on the stock. The 52-week high for Analogic was $101.80. Additionally, Analogic has over  $165 million in cash and no long-term debt.

If you are a shareholder of Analogic and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

About Johnson Fistel, LLP:

Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:

Johnson Fistel, LLP

Jim Baker, 619-814-4471

jimb@johnsonfistel.com

View original content:http://www.prnewswire.com/news-releases/analogic-alog-alert-johnson-fistel-investigates-proposed-sale-of-analogic-corporation-is-84-a-fair-price-300628089.html

SOURCE Johnson Fistel, LLP