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Beckman Investor Sues To Block $6.8B Danaher Deal

Law360, New York (February 24, 2011, 6:57 PM EST) -- A Beckman Coulter Inc. shareholder filed a putative class action in Delaware on Wednesday seeking to block Danaher Corp.’s $6.8 billion bid to acquire the lab equipment maker, saying the deal shortchanges investors.

The complaint, lodged in the Delaware Court of Chancery, alleges that members of Beckman’s board breached their fiduciary duty to shareholders by failing to disclose crucial information about the deal and agreeing to an inadequate price reached through a sale process that favored Danaher from the outset.

“Rather than ... allowing its public...
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