From the Wires
Law Office of Brodsky & Smith, LLC Announces Investigation of Metropolitan Health Networks, Inc.
By: PR Newswire
Nov. 6, 2012 09:00 PM
BALA CYNWYD, Pa., Nov. 6, 2012 /PRNewswire/ -- 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") (NYSE: 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 firstname.lastname@example.org visiting http://brodsky-smith.com/499-mdf-metropolitan-health-networks-inc.html, by calling toll free 877-LEGAL-90.
SOURCE Law office of Brodsky & Smith, LLC
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