INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Team Health Holdings, Inc. And Encourages S...
November 11 2016 - 10:15PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Team Health Holdings, Inc.
(NYSE: TMH) (“TMH” or the “Company”) relating to the proposed
buyout of TMH by The Blackstone Group L.P.
Under the terms of the agreement, TMH shareholders are
anticipated to receive $43.50 in cash for each share of TMH common
stock held, which is virtually no premium over the Company’s
52-week high of $59.95 and lower than, according to Yahoo! Finance,
at least one Wall Street analyst’s estimated price target of $50.00
per share.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of TMH and believe that the
proposed buyout price is too low, and you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20161111005728/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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