The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Cataly...
April 18 2012 - 11:28AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Catalyst Health Solutions Inc. (“Catalyst”) (Nasdaq: CHSI) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to SXC Health
Solutions Corp. (“SXC”) (Nasdaq: SXCI). Under the terms of the
transaction, Catalyst shareholders will receive $28.00 in cash and
0.6606 shares of SXC stock for each Catalyst share they own. The
transaction values Catalyst stock at approximately $81.02 per for a
total transaction value of approximately $4.4 billion.
Click here to learn how to join the action:
http://www.zlk.com/catalyst-health-solutions-chsi, or call:
877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the Catalyst Board of
Directors breached their fiduciary duties to Catalyst stockholders
by failing to adequately shop the Company before entering into this
transaction and whether SXC is underpaying for Catalyst shares,
thus unlawfully harming Catalyst stockholders.
If you own common stock in Catalyst and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
Catalyst Health Solutions, (MM) (NASDAQ:CHSI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Catalyst Health Solutions, (MM) (NASDAQ:CHSI)
Historical Stock Chart
From Jul 2023 to Jul 2024