Faruqi & Faruqi, LLP Announces Investigation of Emdeon Inc. (EM)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Emdeon, Inc. (“Emdeon” or the “Company”) (NYSE: EM) for potential breaches of fiduciary duties in connection with their duty to disclose material information in the Preliminary Proxy (the “Proxy”) filed with the S.E.C. on August 22, 2011 in relation to the sale of the Company to Blackstone Group, L.P. (“Blackstone”) (NYSE: BX), one of the world’s leading investment and advisory firms, in an all-cash deal valued at about $3 billion. The price per share offered to Emdeon’s shareholders is also under investigation, as under the terms of the proposed transaction, Emdeon stockholders will receive only $19 in cash per each share of Emdeon they own.
Whether the Emdeon’ Board of Directors breached their fiduciary duties to Emdeon’s stockholders by failing to disclose all material information in the Proxy, whether they failed to maximize shareholder value and if so by how much the sale undervalues the Company to the detriment of Emdeon’s shareholders - are the key focus of this investigation.
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Faruqi & Faruqi, LLP
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