Law Office of Brodsky & Smith, LLC Announces Investigation of Metropolitan Health Networks, Inc.
BALA CYNWYD, Pa.--(BUSINESS WIRE)-- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Metropolitan Health Networks, Inc. ("MDF" or the "Company") (NYS: MDF) relating to the proposed acquisition by Humana, Inc. ("Humana").
Under the terms of the transaction, MDF shareholders will receive only $11.25 in cash for each share of MDF stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of MDF for not acting in the Company's shareholders' best interests in connection with the sale process to Humana. The transaction may undervalue the Company and will not result in any substantial gain for many MDF shareholders. For example MDF stock traded at $11.02 as recently as October 26, 2012 and an analyst has set a price target for MDF stock at $13.00 per share.
If you own shares of MDF stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com visiting http://brodsky-smith.com/499-mdf-metropolitan-health-networks-inc.html, by calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
KEYWORDS: United States North America Pennsylvania
The article Law Office of Brodsky & Smith, LLC Announces Investigation of Metropolitan Health Networks, Inc. originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.