Robbins Arroyo LLP: Acquisition of Abaxis, Inc. (ABAX) by Zoetis Inc. (ZTS) May Not Be in Shareholders' Best Interests
ABAXIS (ABAX)
Last abaxis earnings: 4/26 04:01 pm
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US:NASDAQ Investor Relations:
abaxis.gcs-web.com/investor-overview
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Source: Business Wire
SAN DIEGO & UNION CITY, Calif.--(BUSINESS WIRE)-- Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Abaxis, Inc. (NASDAQ: ABAX) by Zoetis Inc. (NYSE: ZTS). On May 16, 2018, the two companies announced the signing of a definitive merger agreement pursuant to which Zoetis will acquire Abaxis. Under the terms of the agreement, Abaxis shareholders will receive $83.00 in cash for each share of Abaxis common stock. View this information on the law firm's Shareholder Rights Blog: http://www.robbinsarroyo.com/abaxis-inc Is the Proposed Acquisition Best for Abaxis and Its Shareholders? Robbins Arroyo LLP's investigation focuses on whether the board of directors at Abaxis is undertaking a fair process to obtain maximum value and adequately compensate its shareholders. As an initial matter, the $83.00 merger consideration represents a premium of
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