Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of PSS World Medical, Inc. (PSSI)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of PSS World Medical, Inc. (“PSS World Medical” or the “Company”) (NASDAQ: PSSI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to McKesson Corporation (NYSE: MCK) in an all-cash deal valued at approximately $2.1 billion. Under the terms of the proposed transaction, PSS World Medical’s stockholders will receive $29 in cash for each share of PSS World Medical common stock they own.
The investigation focuses on whether PSS World Medical’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of PSS World Medical’s shareholders.
If you own common stock in PSS World Medical and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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