Published: August 06, 2011
Tripp Levy PLLC Announces Class Action Lawsuit Against Emdeon Inc.
NEW YORK - (BUSINESS WIRE) - 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:
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Tripp Levy
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Tripp Levy PLLC
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125 East 82nd Street
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9th Floor
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New York, New York
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Toll Free: 877-772-3975
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Email: contact@tripplevy.com
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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.
Tripp Levy PLLC
Tripp Levy, 877-772-3975
contact@tripplevy.com
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