Law Office of Brodsky & Smith, LLC Announces Investigation of Mediware Information Systems, Inc.
September 20 2012 - 5:31PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Mediware Information Systems, Inc. (“Mediware” or the “Company”)
(Nasdaq: MEDW) relating to the proposed acquisition by Thoma Bravo
(“Thoma Bravo”).
Under the terms of the transaction, Mediware shareholders will
receive only $22.00 in cash for each share of Mediware stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Mediware for not acting in the Company’s shareholders' best
interests in connection with the sale process to Thoma Bravo.
Specifically, the investigation seeks to determine if conflicts of
interest played a role in the Board’s decision. The Company’s
directors and executives own approximately 37.9% of the common
shares. In addition, it has been reported, that the Chairman of the
Board owns stock which would be worth an estimated $54.3
million.
If you own shares of Mediware 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/476-medw-mediware-information-systems-inc.html,
or by calling toll free 877-LEGAL-90.
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