Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Metropolitan Health Networks, Inc. Shareholders (MDF)
06 Novembre 2012 - 10:09PM
Business Wire
Kirby McInerney LLP is investigating potential claims against
the Board of Directors of Metropolitan Health Networks, Inc.
(“Metropolitan” or the “Company”) (NYSE: MDF) related to the
proposed acquisition of the Company by Humana Inc. (“Humana”)
(NYSE: HUM) for $11.25 per share in cash. The transaction values
the Company at approximately $850 million.
The investigation concerns whether the Metropolitan Board of
Directors violated its fiduciary duties by agreeing to this
transaction and whether the proposed $11.25 per share cash
consideration adequately values Metropolitan common shares. The
offer price represents a mere 3.7% premium to the closing price of
the Company’s shares on November 2, 2012 (the trading day before
the proposed transaction was announced), and analysts have set
price targets as high as $13 per share.
If you are a Metropolitan shareholder and wish to obtain
additional information, please contact J. Brandon Walker, Esq.
by email at bwalker@kmllp.com or by telephone at (212) 371-6600 or
(888) 529-4787.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please visit
www.kmllp.com.
Metropolitan Health Networks, Inc. (NYSE:MDF)
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