The Law Office of Abe Shainberg is investigating the Board of Directors of Emdeon Inc. (NYSE: EM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Blackstone Capital Partners VI L.P. Under the terms of the transaction, Emdeon shareholders will receive $19.00 in cash per share for a total transaction value of approximately $3 billion. Shareholders General Atlantic and Hellman & Freidman, who collectively represent approximately 70% of the Company’s outstanding shares, have agreed to tender their shares. Click here to learn how to join the action: http://www.ashainberglaw.com/emdeon-inc.html. The investigation concerns whether the Emdeon Board of Directors breached their fiduciary duties to Emdeon stockholders by failing to adequately shop the Company before entering into this transaction and whether Blackstone Capital Partners VI L.P. is underpaying for Emdeon shares, thus unlawfully harming Emdeon stockholders. According to Yahoo! Finance, at least one analyst set a price target of $21.00 per Emdeon share. If you own common stock in Emdeon and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at email@example.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/emdeon-inc.html. Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
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.