SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Medical Action Industries, Inc. - MDCI - WRCBtv.com | Chattanooga News, Weather & Sports

SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Medical Action Industries, Inc. - MDCI

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Pomerantz LLP

NEW YORK, June 25, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Medical Action Industries, Inc. ("Medical Action" or the "Company") (NASDAQ: MDCI) (ISIN: US58449L1008) (CUSIP: 58449L100) concerning the proposed acquisition of Medical Action Industries by Owens & Minor, Inc.

Medical Action shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.

The investigation concerns whether the Medical Action directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value.   Under the terms of the agreement, each share of Medical Action will be exchanged for $13.80 in cash, representing a total transaction value of approximately $208 million, including assumed debt, net of cash.  However, the Revenue, EBITDA, Total Assets, and Book Value multiples are below the averages of comparable transactions.

Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.

CONTACT:
Robert Willoughby
Pomerantz LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
Can't find what you're looking for?

WRCB-TV
900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WRCB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.