Tripp Levy PLLC, a leading national securities law firm, announces that a lawsuit has been filed on behalf of Emdeon Inc. (NYSE: EM) shareholders in connection the acquisition of the company. Under the terms of the buyout transaction, the private equity firms Blackstone, Hellman & Friedman, and General Atlantic are buying the remaining shares of Emdeon that they do not already own for only $19 per share. Blackstone, Hellman and General Atlantic own approx. 70% of Emdeon’s common stock and have agreed to vote their shares in favor of the acquisition. The lawsuit concerns, among other things, whether the consideration to be paid to Emdeon shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Emdeon. Indeed, analysts have projected that the true inherent value of the company is worth at least $21 per share. The lawsuit further concerns whether Hellman and General Atlantic, as well as the board of directors of Emdeon may have breached their fiduciary duties by not acting in Emdeon shareholders' best interests in connection with the sale process of Emdeon. If you own Emdeon common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
Emdeon Inc (NYSE:EM) hit a new 52-week high Friday as it is currently trading at $18.91, above its previous 52-week high of $18.90 with 448,550 shares traded as of 1:25 p.m. ET. Average volume has been 870,400 shares over the past 30 days.
Emdeon Inc (NYSE:EM) hit a new 52-week high Tuesday as it is currently trading at $18.86, above its previous 52-week high of $18.84 with 285,115 shares traded as of 12:34 p.m. ET. Average volume has been 739,600 shares over the past 30 days.
Emdeon Inc (NYSE:EM) hit a new 52-week high Tuesday as it is currently trading at $18.68, above its previous 52-week high of $18.57 with one million shares traded as of 2:12 p.m. ET. Average volume has been 533,300 shares over the past 30 days.