INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Medical Action Industries Inc. and Its Board of Directors In Connection With the Sale of the Company to Owens & Minor, Inc. -- MDCI
NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Medical Action Industries Inc. (“Medical Action” or “the Company”) (NasdaqGS:MDCI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Owens & Minor, Inc. (NYSE: OMI).
Click here to learn more about the investigation: http://zlk.9nl.com/medical-action-mdci, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Medical Action shareholders will receive $13.80 in cash for each share of Medical Action stock they own. The investigation concerns whether the Board of Medical Action breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Owens & Minor, Inc. is underpaying for Medical Action shares.
If you own Medical Action common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/medical-action-mdci.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.