Law Firm Brower Piven Announces Investigation in Connection With the Acquisition of Catalyst Health Solutions, Inc. by SXC H...
April 18 2012 - 10:21AM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of Catalyst Health Solutions, Inc. (NASDAQ:
CHSI) (“Catalyst”) and other violations of state law by the board
of directors of Catalyst relating to the proposed acquisition of
the company by SXC Health Solutions Corp. (“SXC”). The firm’s
investigation seeks to determine, among other things, whether the
board breached its fiduciary duties by failing to maximize
shareholder value.
On April 18, 2012, Catalyst and SXC announced that they had
entered into a definitive merger agreement providing for SXC to
acquire Catalyst in a cash and stock transaction valued at
approximately $4.4 billion. Under the terms of the merger
agreement, Catalyst shareholders will receive $28.00 in cash and
0.6606 shares of SXC stock for each Catalyst share, which implies a
purchase price of $81.02 per Catalyst share.
If you currently own shares of Catalyst and would like to learn
more about the investigation being conducted by Brower Piven, you
may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
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