NEW YORK, June 26, 2014 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of Medical Action Industries Inc. ("MDCI" or the
"Company") (NASDAQ: MDCI) concerning the proposed acquisition of
the Company by Owens & Minor, Inc. ("Owens & Minor").
Under the terms of the transaction, the Owens & Minor will
purchase MDCI in a transaction valued at approximately $208 million. MDCI shareholders will
receive $13.80 in cash for each share
owned.
Our investigation concerns whether the MDCI board of directors
is fulfilling its fiduciary duties, maximizing the value of the
Company, disclosing all material benefits and costs, and obtaining
full and fair consideration for Company unit holders.
If you own MDCI shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin I. Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Craig Lowther
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2014 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP