Health & Fitness
Health and Fitness
Health and Fitness
Sat, September 24, 2011
Fri, September 23, 2011
Rigrodsky & Long, P.A. Announces Investigation of American Medical Alert Corp.
WILMINGTON, Del.--([ BUSINESS WIRE ])--[ Rigrodsky & Long, P.A. ] announces that it is investigating potential claims against the board of directors of American Medical Alert Corp. (aAMACa or the aCompanya) (Nasdaq: [ AMAC ]) concerning possible breaches of fiduciary duty and other violations of law related to the Companya™s entry into an agreement to be acquired by Tunstall Healthcare Group Limited (aTunstalla) in a transaction with an approximate value of $82.3 million.
Click here to learn more and how to join the action: [ http://investigations.rigrodskylong.com/americanmedicalalertcorp-amac/ ].
Under the proposed agreement, AMAC shareholders will receive $8.55 per share in cash for every share of AMAC common stock they hold plus one Contingent Payment Right (CPR) per share providing a contingent cash payment for the holder of such common share in the event of a sale of AMACa™s interests in the Lifecomm joint venture or prior sale of Tunstall under certain conditions.
The investigation concerns whether AMACa™s board of directors adequately shopped the Company to obtain the best price possible for AMACa™s shareholders before entering into the agreement with Tunstall. Indeed, in conjunction with the acquisition, directors and officers of AMAC, holding approximately 26% of the outstanding common shares of AMAC, have agreed to vote in favor of the transaction.
If you own the common stock of AMAC and purchased your shares before September 22, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact [ Seth D. Rigrodsky, Esquire ] or [ Noah R. Wortman, Case Development Director ], of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to [ info@rigrodskylong.com ].
[ Rigrodsky & Long, P.A. ], with offices in Wilmington, Delaware and Garden City, New York, regularly litigates [ securities class, derivative and direct actions, shareholder rights litigation ] and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.
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