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Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Complete Genomics, Inc. (GNOM)


Published on 2012-09-17 12:49:59 - Market Wire
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NEW YORK--([ ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Complete Genomics, Inc. (aCompletea or the aCompanya) (NASDAQ: GNOM) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to BGI-Shenzhen, a leading international genomics company based in Shenzhen, China, in an all-cash deal valued at approximately $117.6 million. Under the terms of the proposed transaction, Completeas stockholders will receive $3.15 in cash for each share of Complete common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $5 for Complete. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.

Request more information now by clicking here: [ www.faruqilaw.com/GNOM ].There is no cost or obligation to you.

Whether Completeas Board of Directors breached their fiduciary duties to the Companyas stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Completeas shares and by how much this proposed transaction undervalues the Company to the detriment of Completeas shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firmas clients.

If you own common stock in Complete and wish to obtain additional information and protect your investments free of charge, please visit us at [ www.faruqilaw.com/GNOM ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

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