An investigation on behalf of investors of IPC Healthcare Inc (NASDAQ:IPCM) in connection with the proposed takeover was announced and NASDAQ:IPCM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/19/2015 -- An investigation for investors in NASDAQ:IPCM shares was announced concerning whether the takeover of IPC Healthcare Inc. by Team Health Holdings, Inc for $80.25 per share is unfair.
On August 4, 2015, Team Health Holdings, Inc. announced an agreement to acquire IPC Healthcare Inc (NASDAQ:IPCM) in an all-cash transaction with an enterprise value of approximately $1.6 billion or $80.25 per share.
Investors who purchased shares of IPC Healthcare Inc (NASDAQ:IPCM) and currently hold any of those NASDAQ:IPCM shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of IPC Healthcare Inc breached their fiduciary duties owed to NASDAQ:IPCM investors in connection with the proposed acquisition. The investigation concerns whether the offer is unfair to NASDAQ:IPCM stockholders. More specifically, the investigation concerns whether the IPC Healthcare 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.
IPC Healthcare Inc reported that its annual Total Revenue rose from $457.47 million in 2011 to $693.99 million in 2014 and that its respective Net Income increased from $29.27 million to $39.02 million.
On August 17, 2015, NASDAQ:IPCM shares closed at $79.67 per share.
Those who are current investors in IPC Healthcare Inc (NASDAQ:IPCM) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego