EQUITY ALERT: The Rosen Law Firm Announces Investigation of Medical Action Industries Inc. (MDCI) Concerning the Proposed Acq...
26 Junio 2014 - 1:06AM
Business Wire
The Rosen Law Firm, P.A. is investigating the Board of Directors
of Medical Action Industries Inc. (NASDAQ:MDCI) for possible
breaches of fiduciary duties and other violations of law by failing
to adequately shop Medical Action Industries to maximize
shareholder value before entering into an agreement with Owens
& Minor Inc. (NYSE:OMI).
If you would like to join the action, please call Phillip Kim,
Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; or email at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $13.80 in cash for each share of Medical Action Industries
stock they own. The proposed transaction is valued at approximately
$208 million. The investigation relates to whether the proposal is
fair to public shareholders and whether Medical Action Industries’
Board of Directors breached its fiduciary duties in connection with
the proposed transaction.
If you own and purchased Medical Action Industries common stock
before June 25, 2014 and wish to obtain additional information,
please visit the website at http://rosenlegal.com/buyoutcases.html.
You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The
Rosen Law Firm toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
Phillip Kim, Esq.Laurence Rosen, Esq.Kevin Chan, Esq.The Rosen
Law Firm P.A.275 Madison Avenue 34th FloorNew York, New York
10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.com
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