The Law Firm of Weiss & Lurie Investigates Catalyst Health Solutions, Inc.
April 18 2012 - 3:48PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Catalyst Health
Solutions, Inc. (NASDAQ: CHSI) arising from its agreement for
Catalyst to be acquired by SXC Health Solutions Corp. (NASDAQ:
SXCI, TSX: SXC) for $28.00 in cash and 0.6606 shares of SXC stock
per Catalyst share. The transaction is expected to close in the
second half of 2012.
Weiss & Lurie is investigating whether the Catalyst Board
acted in the best interests of shareholders in approving this deal.
Following the close of the acquisition, two current Catalyst
directors will sit on the board of the combined company.
Notably, Catalyst recently reported that it had “a
transformational year” and achieved excellent 2011 results – its
revenue increased 42% over last year’s to $5.33 billion, its
adjusted earnings per diluted share increased 23% to $2.37, gross
profit increased by 31% to $307.9 million, and that it expected a
strong 2012 with revenue in the range of $5.8 billion to $6.2
billion.
If you own Catalyst shares and would like more information about
your rights as a shareholder or additional information concerning
our investigation, please contact Julia J. Sun either by telephone
at (888) 593-4771 or by email at info@weisslurie.com.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at info@weisslurie.com or fill out the form on our
website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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