WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Birner Dental Management Services, Inc. (“Birner Dental” or the “Company”) (OTC QX: BDMS) related to the Company’s entry into an agreement to be acquired by Mid-Atlantic Dental Service Holdings LLC (“Mid-Atlantic Dental”) in a transaction announced on October 3, 2018 (the “Proposed Transaction”).
On October 3, 2018, the Board caused Birner Dental to enter into an agreement and plan of merger (the “Merger Agreement”) with Mid-Atlantic Dental. Pursuant to the terms of the agreement, shareholders of Birner Dental will receive $10.62 in cash and one Contingent Value Right (CVR) for each share of Birner Dental common stock. The CVR entitles shareholders to an additional cash payment of up to $0.13 per share under certain circumstances following the closing of the transaction.
On November 19, 2018, Birner Dental filed a definitive proxy statement (“Proxy Statement”) with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which recommends that Birner Dental’s shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Proxy Statement, including whether the Proxy Statement omits material information with respect to the Proposed Transaction.
If you own common stock of Birner Dental and purchased any shares before October 3, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at info@rl-legal.com, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
Attorney advertising. Prior results do not guarantee a similar outcome.
