BOSTON, July 9, 2012 /PRNewswire/ -- Block & Leviton
LLP, a Boston-based law firm
representing investors nationwide, is investigating possible
breaches of fiduciary duties by the Board of Directors of M*Modal
Inc. ("M*Modal" or the "Company") (NASDAQ: MODL) concerning its
announced merger with One Equity Partners V, L.P., ("One Equity
Partners"), the private investment arm of JP Morgan Chase & Co.
(NYSE: JPM).
Under the terms of the merger, One Equity Partners will acquire
M*Modal for $14.00 per share in cash,
which is a paltry premium of only 8% over the Company's share price
on July 2, 2012, the last trading day
before the merger was announced. The total transaction value
is approximately $1.1
billion.
Block & Leviton's investigation seeks to determine, among
other things, whether M*Modal's Directors breached their fiduciary
duties by failing to maximize shareholder value in the proposed
merger with One Equity Partners. For example, the average target
price by analysts for M*Modal common stock is $16.00 per share. Moreover, the Company's common
stock is up nearly 30% this year as it notched record revenue and
saw profits rise in the first quarter of 2012.
If you have any information relevant to this investigation, or
have questions about your legal rights, please contact Jason M. Leviton of Block & Leviton LLP at
(617) 398-5620 or email him at Jason@blockesq.com.
Block & Leviton is a Boston-based law firm representing investors
for violations of securities laws. The firm's lawyers have
collectively been prosecuting securities cases on behalf of
investors for over 50 years.
Contact:BLOCK & LEVITON LLP
Jason M. Leviton, Esq.
(617) 398-5620
Jason@blockesq.com
This may constitute attorney advertising.
SOURCE Block & Leviton LLP