Caliper Investor Sues To Block $600M PerkinElmer Deal

Law360, Wilmington (September 12, 2011, 8:19 PM EDT) -- A Caliper Life Sciences Inc. shareholder lodged a class action in Delaware state court Monday alleging the $600 million bid for the company from health and environmental technology giant PerkinElmer Inc. is a raw deal for investors.

The $10.50 per share offer does not account for Caliper’s recent stellar financial performance — evidenced by a 120 percent rise in its stock price in the last year —and unduly restricts the chances of a better offer from a third party, according to plaintiff Betty Greenberg.

“The proposed...
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