The Law Office of Joseph Klein 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 proposed deal, Emdeon shareholders will receive $19.00 in cash for per share. The transaction has a total approximate value of $3 billion. Shareholders General Atlantic and Hellman & Freidman have agreed to tender their shares, which represent approximately 70% of the Company’s outstanding shares. To receive more information, click here: http://www.jkleinlawfirm.com/emdeon-inc-em.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. At least one analyst set a price target for Emdeon stock at $21.00 per share. If you own common stock in Emdeon and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at firstname.lastname@example.org, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www.jkleinlawfirm.com/emdeon-inc-em.html. Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. 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.