We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Abaxis, Inc. (NASDAQ: ABAX) to Zoetis Inc. (NYSE: ZTS). Under the terms of the transaction, shareholders of Abaxis will receive $83 for each share of Abaxis stock they own.
The investigation concerns whether the Board of Abaxis breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Zoetis Inc. is underpaying for Abaxis shares, thus unlawfully harming Abaxis shareholders.
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