{"id":407622,"date":"2021-01-04T09:30:58","date_gmt":"2021-01-04T14:30:58","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407622"},"modified":"2021-01-04T09:30:58","modified_gmt":"2021-01-04T14:30:58","slug":"flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/","title":{"rendered":"(FLIR) Alert: Johnson Fistel Investigates Proposed Sale of FLIR Systems; Are Shareholders Getting a Fair Deal?"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SAN DIEGO<\/span>, <span class=\"xn-chron\">Jan. 4, 2021<\/span> \u00a0\/PRNewswire\/ &#8212;\u00a0Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of FLIR Systems, Inc. (NASDAQ: FLIR) breached their fiduciary duties in connection with the proposed sale of the Company to Teledyne Technologies Incorporated (NYSE: TDY) (&#8220;Teledyne&#8221;). \u00a0<\/p>\n<p>On <span class=\"xn-chron\">January 4, 2021<\/span>, FLIR announced that it had entered into a definitive merger agreement with Teledyne.\u00a0 Under the terms of the deal, FLIR stockholders will receive <span class=\"xn-money\">$28.00<\/span> per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of <span class=\"xn-money\">$56.00<\/span> per FLIR share based on Teledyne&#8217;s 5-day volume-weighted average price as of <span class=\"xn-chron\">December 31, 2020<\/span>. <u>However, shareholders will be subject to the future price fluctuation of Teledyne&#8217;s stock price<\/u>.<\/p>\n<p>The investigation concerns whether the FLIR 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 FLIR shares of common stock. <\/p>\n<p>\n        <b>If you are a shareholder of <\/b><br \/>\n        <b>FLIR and believe the proposed buyout price is too low or you&#8217;re interested in learning more about the investigation, please contact lead analyst <span class=\"xn-person\">Jim Baker<\/span> (<u><a target=\"_blank\" href=\"mailto:jimb@johnsonfistel.com\" rel=\"nofollow noopener noreferrer\">jimb@johnsonfistel.com<\/a><\/u>) at <a target=\"_blank\" href=\"tel:6198144471\" rel=\"nofollow noopener noreferrer\">619-814-4471<\/a>.<\/b>\u00a0<b>If emailing, please include a phone number.<\/b><\/p>\n<p>\n        <b>Additionally, you can <\/b>[<b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3025238-1&amp;h=1171337642&amp;u=https%3A%2F%2Fwww.cognitoforms.com%2FJohnsonFistel%2FFLIRSystemsInc&amp;a=Click+here+to+join+this+action\" rel=\"nofollow noopener noreferrer\">Click here to join this action<\/a><\/b>]. <b>There<\/b><b> is no cost or obligation to you.<\/b><\/p>\n<p>\n        <b>About <span class=\"xn-person\">Johnson Fistel<\/span>, LLP:<\/b><br \/>\n        <br \/>\n        <span class=\"xn-person\">Johnson Fistel<\/span>, LLP is a nationally recognized shareholder rights law firm with offices in <span class=\"xn-location\">California<\/span>, <span class=\"xn-location\">New York<\/span>, and <span class=\"xn-location\">Georgia<\/span>. 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 <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3025238-1&amp;h=1833046323&amp;u=https%3A%2F%2Fwww.johnsonfistel.com%2F&amp;a=https%3A%2F%2Fwww.johnsonfistel.com\" rel=\"nofollow noopener noreferrer\">https:\/\/www.johnsonfistel.com<\/a>. Attorney advertising. Past results do not guarantee future outcomes.<\/p>\n<p>\n        <b>Contact:<\/b><br \/>\n        <br \/>\n        <span class=\"xn-person\">Johnson Fistel<\/span>, LLP<br \/><span class=\"xn-person\">Jim Baker<\/span>, <a target=\"_blank\" href=\"tel:6198144471\" rel=\"nofollow noopener noreferrer\">619-814-4471<\/a><br \/><a target=\"_blank\" href=\"mailto:jimb@johnsonfistel.com\" rel=\"nofollow noopener noreferrer\">jimb@johnsonfistel.com<\/a><\/p>\n<p>[<b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3025238-1&amp;h=1171337642&amp;u=https%3A%2F%2Fwww.cognitoforms.com%2FJohnsonFistel%2FFLIRSystemsInc&amp;a=Click+here+to+join+this+action\" rel=\"nofollow noopener noreferrer\">Click here to join this action<\/a><\/b>]<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH36525&amp;sd=2021-01-04\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal-301200252.html\">http:\/\/www.prnewswire.com\/news-releases\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal-301200252.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Johnson Fistel<\/span>, LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH36525&amp;Transmission_Id=202101040927PR_NEWS_USPR_____PH36525&amp;DateId=20210104\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN DIEGO, Jan. 4, 2021 \u00a0\/PRNewswire\/ &#8212;\u00a0Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of FLIR Systems, Inc. (NASDAQ: FLIR) breached their fiduciary duties in connection with the proposed sale of the Company to Teledyne Technologies Incorporated (NYSE: TDY) (&#8220;Teledyne&#8221;). \u00a0 On January 4, 2021, FLIR announced that it had entered into a definitive merger agreement with Teledyne.\u00a0 Under the terms of the deal, FLIR stockholders will receive $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of $56.00 per FLIR share based on Teledyne&#8217;s 5-day volume-weighted average price as of December 31, 2020. However, shareholders will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;(FLIR) Alert: Johnson Fistel Investigates Proposed Sale of FLIR Systems; Are Shareholders Getting a Fair Deal?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407622","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>(FLIR) Alert: Johnson Fistel Investigates Proposed Sale of FLIR Systems; Are Shareholders Getting a Fair Deal? - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"(FLIR) Alert: Johnson Fistel Investigates Proposed Sale of FLIR Systems; Are Shareholders Getting a Fair Deal? - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN DIEGO, Jan. 4, 2021 \u00a0\/PRNewswire\/ &#8212;\u00a0Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of FLIR Systems, Inc. (NASDAQ: FLIR) breached their fiduciary duties in connection with the proposed sale of the Company to Teledyne Technologies Incorporated (NYSE: TDY) (&#8220;Teledyne&#8221;). \u00a0 On January 4, 2021, FLIR announced that it had entered into a definitive merger agreement with Teledyne.\u00a0 Under the terms of the deal, FLIR stockholders will receive $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of $56.00 per FLIR share based on Teledyne&#8217;s 5-day volume-weighted average price as of December 31, 2020. 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- Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/","og_locale":"en_US","og_type":"article","og_title":"(FLIR) Alert: Johnson Fistel Investigates Proposed Sale of FLIR Systems; Are Shareholders Getting a Fair Deal? - Market Newsdesk","og_description":"PR Newswire SAN DIEGO, Jan. 4, 2021 \u00a0\/PRNewswire\/ &#8212;\u00a0Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of FLIR Systems, Inc. (NASDAQ: FLIR) breached their fiduciary duties in connection with the proposed sale of the Company to Teledyne Technologies Incorporated (NYSE: TDY) (&#8220;Teledyne&#8221;). \u00a0 On January 4, 2021, FLIR announced that it had entered into a definitive merger agreement with Teledyne.\u00a0 Under the terms of the deal, FLIR stockholders will receive $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of $56.00 per FLIR share based on Teledyne&#8217;s 5-day volume-weighted average price as of December 31, 2020. However, shareholders will &hellip; Continue reading \"(FLIR) Alert: Johnson Fistel Investigates Proposed Sale of FLIR Systems; Are Shareholders Getting a Fair Deal?\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-04T14:30:58+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH36525&amp;sd=2021-01-04","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"(FLIR) Alert: Johnson Fistel Investigates Proposed Sale of FLIR Systems; Are Shareholders Getting a Fair Deal?","datePublished":"2021-01-04T14:30:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/"},"wordCount":333,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH36525&amp;sd=2021-01-04","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/flir-alert-johnson-fistel-investigates-proposed-sale-of-flir-systems-are-shareholders-getting-a-fair-deal\/","name":"(FLIR) Alert: Johnson Fistel Investigates Proposed Sale of FLIR Systems; Are Shareholders Getting a Fair Deal? 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