Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of FPIC Insurance Group, Inc., in Connection...
24 Mayo 2011 - 7:35PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
FPIC Insurance Group, Inc. (“FPIC” or the “Company”) (NASDAQ:FPIC)
related to the Company’s agreement to be acquired by The Doctors
Company. The proposed transaction is valued at approximately $362
million.
Under the terms of the definitive agreement entered into by the
parties, FPIC shareholders will receive $42.00 in cash for each
share they own of the Company’s common stock. The transaction is
expected to be completed by the fourth quarter of 2011. The
proposed transaction was unanimously approved by the Company’s
board of directors. The investigation concerns possible breaches of
fiduciary duty and other violations of law related to approval of
the proposed transaction by FPIC’s board of directors.
If you are a shareholder of FPIC, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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