Harwood Feffer LLP Announces Investigation of Continucare Corporation
28 June 2011 - 2:01AM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against the board of directors of
Continucare Corporation (“Continucare”) (NYSE: CNU) concerning the
proposed acquisition by Metropolitan Health Networks, Inc. (NYSE
AMEX: MDF) (“Metropolitan”) for all of the outstanding shares of
common stock of Continucare for $6.25 per share in cash and 0.0414
of a share of Metropolitan (which, based upon the share price at
the time of the announcement, is equal to approximately $0.20). The
transaction is currently valued at $416 million. In addition,
shareholders who collectively own approximately 43% of Continucare
stock have agreed to vote their shares in favor of the proposed
merger.
Our investigation concerns whether the board of directors has
undertaken a fair process to obtain fair consideration for all
shareholders of Continucare.
If you own shares of Continucare and would like to learn more
about these claims or if you wish to discuss this matter and have
any questions or information concerning this announcement, please
contact Robert I. Harwood, Esq. at rharwood@hfesq.com or James G.
Flynn, Esq. at jflynn@hfesq.com. You may also call them at (877)
935-7400. For more information about class actions, or to sign up
online, please visit our website: www.hfesq.com.
Harwood Feffer LLP is a national shareholder litigation firm.
Harwood Feffer LLP is devoted to protecting the interests of
individual and institutional investors in shareholder actions in
state and federal courts nationwide.
Attorney Advertising. ©2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
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