NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Emdeon Inc. (NYSE: EM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Blackstone Capital Partners VI L.P. Under the terms of the deal, Blackstone will pay Emdeon shareholders $19.00 in cash per share of Emdeon common stock for a transaction total of approximately $3 billion. Shareholders that represent approximately 70% of the Company’s outstanding shares have agreed to tender their shares.
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The investigation concerns whether the Emdeon Board of Directors breached their fiduciary duties to Emdeon stockholders by failing to adequately shop the Company before entering into this transaction and whether Blackstone Capital Partners VI L.P. is underpaying for Emdeon shares. According to Thomson/First Call, at least one analyst set a price target of $21.00 per Emdeon share.
If you own common stock in Emdeon and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/emdeon.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.