Catalyst Health Solutions Merger Investigated by the Securities Attorneys at The Briscoe Law Firm and Powers Taylor, LLP
April 18 2012 - 10:13AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Catalyst Health Solutions, Inc.
(“Catalyst” or “CHSI”) (NASDAQ: CHSI) to SXC Health Solutions Corp.
for shareholders. Under the proposed merger agreement, Catalyst
shareholders will receive $28.00 in cash and 0.6606 shares of SXC
stock for each share of Catalyst stock owned, which implies a
purchase price of $81.02 per share.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive merger agreement is a cash-and-stock transaction
valued at approximately $4.4 billion. The transaction is expected
to close in the second half of 2012.
The investigation centers on whether Catalyst shareholders are
receiving adequate compensation for their shares in the merger,
whether the transaction undervalues Catalyst’s stock, and whether
Catalyst’s board attempted to obtain the highest share price for
all shareholders prior to agreeing to the deal. According to
shareholder rights attorney Willie Briscoe, “Based on the lack of a
significant premium to Catalyst shareholders, and other factors,
the firms are investigating whether the buyout price is fair to
Catalyst shareholders. Our proposed shareholder lawsuit seeks to
obtain additional value for shareholders than what is proposed in
the current buyout offer."
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
Catalyst Health Solutions, (MM) (NASDAQ:CHSI)
Historical Stock Chart
From May 2024 to Jun 2024
Catalyst Health Solutions, (MM) (NASDAQ:CHSI)
Historical Stock Chart
From Jun 2023 to Jun 2024