Law Office of Brodsky & Smith, LLC Announces Investigation of Metropolitan Health Networks, Inc.
November 09 2012 - 10:00PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Metropolitan Health Networks, Inc. (“MDF” or the “Company”) (NYSE:
MDF) relating to the proposed acquisition by Humana, Inc.
(“Humana”).
Under the terms of the transaction, MDF shareholders will
receive only $11.25 in cash for each share of MDF stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of MDF for
not acting in the Company’s shareholders' best interests in
connection with the sale process to Humana. The transaction may
undervalue the Company and will not result in any substantial gain
for many MDF shareholders. For example MDF stock traded at $11.02
as recently as October 26, 2012 and an analyst has set a price
target for MDF stock at $13.00 per share.
If you own shares of MDF 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/499-mdf-metropolitan-health-networks-inc.html,
by calling toll free 877-LEGAL-90.
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