San Diego, Dec. 16, 2011 (Shareholders Foundation) -- The announcement by FUJIFILM Holdings Corporation that it intends to acquire SonoSite, Inc for $54 per share prompted an investigation for investors in NASDAQ: SONO shares concerning whether the offer to acquire SonoSite and the buyout process are unfair to investors in SONO shares and whether certain officers and directors breached their fiduciary duties.

The investigations by law firms concern whether SonoSite, certain officers and directors, and/or others breached their fiduciary duties owed SonoSite, Inc. (NASDAQ:SONO) investors in connection with the proposed acquisition.

On Dec. 15, 201, FUJIFILM Holdings Corporation (TSE: 4901) announced that it has entered into an agreement with SonoSite, Inc. (NASDAQ: SONO,), pursuant to which FUJIFILM Holdings Corporation will acquire SonoSite Inc. for $54 per share or approximately $995 million (which includes amounts payable in connection with its convertible debt).
FUJIFILM Holdings Corporation said the purchase price represents a premium of 50.0% over SonoSites average closing stock price over the three months ended December 14, 2011, and a 75.4% premium over the closing price on November 2, 2011, the last trading day before news reports relating to a possible sale transaction were first published.
Following the proposed buyout shares of Sono Site, Inc. (Public, NASDAQ:SONO) jumped from $42.27 per share on December 14 to $53.68 on December 15, 2011.

However, SonoSites performance improved recently. In fact, Sono Sites annual Revenue rose from $205.07million for 2007 to $275.36million for 2010 and its Net Income rose from $4.52million in 2007 to $9.97million in 2010. Its third quarter Revenue increased from $68.54million last year to $75.73million this year. Additionally NASDAQ SONO share grew recently exceptionally. Over the past few months SONO stocks grew from slightly above $25 per share to over $43 per share.

Therefore the investigation for NASDAQ: SONO investors concerns whether the SonoSite Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to NASDAQ: SONO shareholders by failing to adequately shop the Company before entering into this transaction. A potential securities class action lawsuit would seek to maximize the amount of money and information NASDAQ:SONO shareholders would receive in a buyout, so the law firm.