NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. is investigating the Board of Directors of Medical Action Industries Inc. (NASDAQ:MDCI) for possible breaches of fiduciary duties and other violations of law by failing to adequately shop Medical Action Industries to maximize shareholder value before entering into an agreement with Owens & Minor Inc. (NYSE:OMI).
If you would like to join the action, please call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; or email at firstname.lastname@example.org or email@example.com. There is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive $13.80 in cash for each share of Medical Action Industries stock they own. The proposed transaction is valued at approximately $208 million. The investigation relates to whether the proposal is fair to public shareholders and whether Medical Action Industries’ Board of Directors breached its fiduciary duties in connection with the proposed transaction.
If you own and purchased Medical Action Industries common stock before June 25, 2014 and wish to obtain additional information, please visit the website at http://rosenlegal.com/buyoutcases.html. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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