An investigation on behalf of investors of USMD Holdings Inc (NASDAQ:USMD) in connection with the proposed takeover was announced and NASDAQ:USMD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/08/2016 -- The takeover of USMD Holdings Inc is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold NASDAQ:USMD shares, concerning whether the takeover of USMD Holdings Inc. by WellMed Medical Management, Inc for $22.34 per share is unfair to NASDAQ:USMD stockholders.
Investors who purchased shares of USMD Holdings Inc (NASDAQ:USMD) and currently hold any of those NASDAQ:USMD shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of USMD Holdings Inc breached their fiduciary duties owed to NASDAQ:USMD investors in connection with the proposed acquisition.
On August 29, 2016, USMD Holdings Inc entered into an Agreement and Plan of Merger with WellMed Medical Management, Inc. and Project Z Merger Sub, Inc., a wholly-owned subsidiary of WellMed. Under the terms of the agreement investors in USMD Holdings Inc (NASDAQ:USMD) will receive $22.34 per share in cash for each USMD Holdings Inc (NASDAQ:USMD) share they hold.
However, the investigation concerns whether the offer is unfair to NASDAQ:USMD stockholders. More specifically, the investigation concerns whether the USMD Holdings Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
USMD Holdings Inc reported that its annual Total Revenue rose from $294.76 million in 2014 to $325.15 million in 2015 and that its Net Loss declined from $32.50 million in 2014 to $1.62 million in 2015.
Shares of USMD Holdings Inc (NASDAQ:USMD) closed on September 7, 2016 at $22.27 per share.
Those who are current investors in USMD Holdings Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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