Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of QuadraMed Corp.
09 Dezembro 2009 - 12:30AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
QuadraMed Corp. ("QuadraMed" or the "Company") (NASDAQ: QDHC)
arising from the Company's announcement of its intent to be
acquired by Francisco Partners.
On December 8, 2009, the companies announced that Francisco
Partners will acquire QuadraMed in an all-cash transaction valued
at $126 million. According to the agreement, shareholders will
receive $8.50 per share for QDHC common stock and $13.7097 per
share of Series A Cumulative Mandatory Convertible Preferred Stock.
The investigation is focused on the potential unfairness of the
price to QuadraMed shareholders and the process by which the
QuadraMed Board of Directors considered and approved the
transaction.
If you own shares of QuadraMed, 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 Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020
by telephone at 215-638-4847, Toll Free at 888-638-4847, or visit
www.howardsmithlaw.com. You may also email my firm at
howardsmith@howardsmithlaw.com.
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