Law Office of Brodsky & Smith, LLC Announces Investigation of MModal, Inc.
07 Juillet 2012 - 6:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
MModal, Inc (“MModal” or the “Company”) (Nasdaq: MODL) relating to
the proposed acquisition by JPMorgan Chase & Co., Inc.
(“JPMorgan”).
Under the terms of the transaction, MModal shareholders would
receive only $14.00 in cash for each share of MModal stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
MModal for not acting in the Company’s shareholders' best interests
in connection with the sale process to JPMorgan. The transaction
may undervalue MModal as the offer represents only a slight premium
over the $13.35 per share MModal stock traded at June 20, 2012 and
the $13.82 the stock traded at on July 6, 2011. In addition, an
analyst has placed a $16.00 per share price target on MModal
stock.
If you own shares of MModal stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/446-modl-mmodal-inc.html, or by calling
toll free 877-LEGAL-90.
VictoryShares West End U... (NASDAQ:MODL)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
VictoryShares West End U... (NASDAQ:MODL)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about VictoryShares West End US Sector ETF (NASDAQ): 0 recent articles
Plus d'articles sur Brodsky & Smith, LLC