Energy News / Shareholders Foundation, Inc.

Merge Healthcare Inc. (NASDAQ:MRGE) Shareholder Alert: Lawsuit Filed to Halt the Takeover by IBM for $7.13 Per Share

Via: ReleaseWire

Updated 10:00 AM CDT, Fri, October 30,2015

A lawsuit was filed for investors in shares of Merge Healthcare Inc. (NASDAQ:MRGE) in connection with the proposed takeover was announced and NASDAQ:MRGE stockholders should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 10/30/2015 -- A shareholder in NASDAQ:MRGE shares filed a lawsuit against the proposed takeover of Merge Healthcare Inc. by IBM for $7.13 per share.

Investors who purchased shares of Merge Healthcare Inc. (NASDAQ:MRGE) and currently hold any of those NASDAQ:MRGE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:MRGE stockholders by agreeing to sell Merge Healthcare Inc. too cheaply via an unfair process to IBM.

On August 6, 2015, IBM (NYSE: IBM) and Merge Healthcare Inc. (NASDAQ:MRGE) announced the signing of a merger agreement pursuant to which IBM will acquire Merge Healthcare Inc. (NASDAQ:MRGE. Under terms of the transaction, Merge shareholders would receive $7.13 per share in cash, for a total transaction value of $1 billion.

However, the plaintiff claims that the proposed consideration NASDAQ:MRGE shareholders will receive is grossly inadequate and undervalues Merge Healthcare Inc. In addition, the plaintiff claims that the process is also unfair to NASDAQ:MRGE stockholders

Shares of Merge Healthcare Inc. (NASDAQ:MRGE) closed on October 29, 2015, at $7.12 per share.

Those who are current shareholders in Merge Healthcare Inc. (NASDAQ:MRGE) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/merge-healthcare-inc-nasdaqmrge-shareholder-alert-lawsuit-filed-637513.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com