Faruqi & Faruqi, LLP Announces Investigation of Catalyst Health Solutions, Inc.
April 18 2012 - 7:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Catalyst Health Solutions, Inc. (“Catalyst” or the
“Company”) (NASDAQ: CHSI) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to SXC Health Solutions Corp. (“SXC”) (NASDAQ: SXCI, TSX:
SXC) 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 each share of Catalyst common stock based on the closing
stock prices of SXC and Catalyst on April 17, 2012.
Request more information now by clicking here:
www.faruqilaw.com/CHSI. There is no cost or obligation to you.
Whether Catalyst’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues
Catalyst’s shares and by how much this proposed transaction
undervalues the Company to the detriment of Catalyst’s shareholders
are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Catalyst and wish to obtain
additional information and protect your investment free of charge,
please visit us at www.faruqilaw.com/CHSI or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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