NEW YORK, Nov. 17, 2016 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of Universal American Corp. ("Universal
American" or the "Company") (NYSE: UAM) concerning the proposed
acquisition of the Company by WellCare Health Plans, Inc.
("WellCare").
Under the terms of the offer, WellCare would acquire Universal
American in a transaction valued at approximately $600 million. Pursuant to the deal, Universal
American stockholders will receive $10.00 in cash for each share owned.
Our investigation concerns whether the Universal American board
of directors is fulfilling its fiduciary duties, maximizing the
value of the Company, disclosing all material benefits and costs,
and obtaining full and fair consideration for Company
stockholders.
If you own Universal American shares and wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP