Law Firm Brower Piven Announces Investigation in Connection With the Acquisition of PSS World Medical, Inc. by McKesson
October 25 2012 - 10:26AM
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 PSS World Medical, Inc. (“PSS World
Medical”) (NASDAQ: PSSI) and other violations of state law by the
board of directors of PSS World Medical relating to the proposed
acquisition of the company by McKesson Corporation (“McKesson”).
The firm’s investigation seeks to determine, among other things,
whether the board breached their fiduciary duties by failing to
maximize shareholder value.
On October 25, 2012, PSS World Medical and McKesson announced
that they have entered into a definitive agreement providing for
McKesson to acquire PSS World Medical for $2.1 billion (including
the assumption of debt). Under the terms of the merger agreement,
PSS World Medical shareholders will receive $29.00 per share in
cash.
If you currently own shares of PSS World Medical 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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