WAYNE, Pa., June 27, 2014 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of Medical Action Industries Inc. ("Medical Action" or
the "Company") (NASDAQ: MDCI) concerning possible breaches of
fiduciary duty and other violations of law related to the Company's
efforts to sell the Company to Owens & Minor, Inc. in a
transaction valued at approximately $208
million.
If you own shares of Medical Action and would like to learn more
about this class action or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/mdci. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the agreement, shareholders of Medical Action
would receive $13.80 in cash for each
share of Medical Action they own.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Medical Action for not acting in the Company's shareholders' best
interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT:
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Ryan &
Maniskas, LLP
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Richard A.
Maniskas, Esquire
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995 Old Eagle
School Rd., Suite 311
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Wayne, PA
19087
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877-316-3218
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www.rmclasslaw.com/cases/mdci
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rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP