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.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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