Tell us what you think about the new Article Page. Send us feedback
Kendall Law Group Investigating IMS Health Inc. Takeover for Shareholders
Related Quotes
| Symbol | Price | Change |
|---|---|---|
| RX | 20.52 | 0.00 |
DALLAS--(BUSINESS WIRE)--Kendall Law Group, founded by a former federal judge, began an investigation on behalf of IMS Health Inc. (NYSE: RX - News) shareholders. The investigation concerns possible breaches of fiduciary duty by the Board of Directors in connection with the proposed acquisition by private equity firm Texas Pacific Group and the CPP Investment Board of Toronto. The transaction is valued at approximately $4 billion, including the assumption of debt.
According to the agreement, IMS shareholders will receive $22 in cash for each share owned, which is an almost 31% premium based on the closing price of IMS on November 4, 2009. Former federal judge Joe Kendall said, “The investigation concerns whether the consideration to be paid to shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of IMS and whether the directors and special committee members may have breached their fiduciary duties by not acting in the shareholders’ best interests in connection with the sale process.”
If you are a current holder of IMS stock and would like additional information concerning this proposed transaction, including your shareholder rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, a former Dallas state and federal judge, and experienced securities lawyers.
Contact:
Kendall Law Group, LLP
Hamilton Lindley, 214-744-3000
877-744-3728 Toll Free
214-744-3015 Facsimile
hlindley@kendalllawgroup.com
www.kendalllawgroup.com
Related Headlines
- IMS Health sets Feb. 8 date for buyout vote - AP
- IMS HEALTH INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits - EDGAR Online
- IMS Announces Record Date and Meeting Date For Special Meeting of Stockholders In Connection with Merger Agreement - Business Wire
- IMS and the New Meaning of a M.A.C. - at The New York Times
- Alcoa, Delta, IMS Health, Macy's are big movers - AP
Related Blog Headlines
- Importing Drugs Is Out; Mining Docs' Prescriptions Is (Still) In - at The Wall Street Journal Online
- IMS Health Oversold on Senate Proposal - at Seeking Alpha
- Dec. 11: Unusual Volume Leaders - at CNBC
- Should Docs' Prescribing Habits Be for Sale? - at The Wall Street Journal Online
- No Free Lunch for Doctors, Brought to You By Jersey's AG - at The Wall Street Journal Online
Top Stories
Tech Ticker Recent Posts
Add Alert Copyright © 2009 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials by posting, archiving in a public web site or database, or redistribution in a computer network is strictly forbidden.