Press release from PR Newswire
SHAREHOLDER ALERT: Levi & Korsinsky Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Health Management Associates Inc. in Connection with the Sale of Company to Community Health Systems, Inc.
Thursday, August 01, 2013
SHAREHOLDER ALERT: Levi & Korsinsky Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Health Management Associates Inc. in Connection with the Sale of Company to Community Health Systems, Inc.11:49 EDT Thursday, August 01, 2013
NEW YORK, Aug. 1, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Health Management Associates Inc. ("Health Management" or the "Company") (NYSE: HMA) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Community Health Systems, Inc. ("Community Health") (NYSE: CYH).
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Click here to learn more about the investigation http://zlk.9nl.com/healthmanagement-hma/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Health Management shareholders will receive $10.50 in cash and 0.06942 shares of Community Health for each share of Health Management stock they own, representing an approximate value of $13.78 per share. The investigation concerns whether the Health Management Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Community Health is underpaying for Health Management, thus unlawfully harming Health Management shareholders. In particular, at least one analyst set a price target for Health Management stock at $20.00 per share, and shares of Health Management closed above the consideration price the day before the announced merger.
If you own common stock in Health Management and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/healthmanagement-hma/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
SOURCE Levi & Korsinsky, LLP