An investigation for investors in NASDAQ:USMD shares was announced over the buyout of USMD Holdings Inc. by WellMed Medical Management, Inc for $22.34 per share.
Investors who purchased shares of USMD Holdings Inc (NASDAQ:USMD) and currently hold any of those NASDAQ:USMD shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of USMD Holdings Inc breached their fiduciary duties owed to NASDAQ:USMD investors in connection with the proposed acquisition.
On August 29, 2016, USMD Holdings Inc (NASDAQ:USMD entered into an Agreement and Plan of Merger with WellMed Medical Management, Inc. and Project Z Merger Sub, Inc., a wholly-owned subsidiary of WellMed. Under the terms of the agreement investors in USMD Holdings Inc (NASDAQ:USMD) will receive $22.34 per share in cash for each USMD Holdings Inc (NASDAQ:USMD) share they hold.
However, the investigation concerns whether the offer is unfair to NASDAQ:USMD stockholders. More specifically, the investigation concerns whether the USMD Holdings Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Shares of USMD Holdings Inc (NASDAQ:USMD) closed on September 9, 2016 at $22.30 per share.
Those who are current investors in NASDAQ:USMD shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com