NEW YORK, NY / November 1, 2018 / ACCESSWIRE / WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Birner Dental Management, Inc. (''BDMS'' or the ''Company'') (BDMS) in connection with the proposed acquisition of the Company by Mid-Atlantic Dental Services Holdings, LLC. Under the terms of the acquisition agreement, shareholders will receive $10.62 in cash for each BDMS share they own. Shareholders will also receive a one-time contingent value right payment of $0.13 per BDMS upon closing.
If you own BDMS shares and wish to discussthis investigation or have any questions concerning this notice or your rightsor interests, please contact:
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WeissLaw is investigating whether BDMS's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the Company recently announced significant increase in revenue and substantial improvements in EBITDA in the second quarter of 2018. It reported increase of approximately $575,000 in revenue, and period-over-period growth of approximately $120,000 in EBITDA.
Given these facts, WeissLaw is investigating whether BDMS's Board acted in the best interests of BDMS's public shareholders to maximize shareholder value prior to entering into the agreement. If you own BDMS shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com
SOURCE: WeissLaw LLP