UNIVERSAL AMERICAN CORP. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
December 07 2016 - 11:13AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Universal
American Corp. (NYSE: UAM)?
- Did you purchase any of your shares
prior to November 17, 2016?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Universal
American Corp. (“Universal American” or the “Company”) (NYSE: UAM)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by WellCare Health Plans, Inc. (“WellCare”) (NYSE:
WCG), in a transaction valued at approximately $600 million.
Click here to learn more:
http://rigrodskylong.com/investigations/universal-american-corp-uam.
Under the terms of the agreement, shareholders of Universal
American Corp. will receive $10.00 in cash for each share of
Universal American Corp. common stock.
The investigation concerns whether Universal American’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Universal American shareholders before entering
into an agreement with WellCare.
If you own the common stock of Universal American and purchased
your shares before November 17, 2016, 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 or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/universal-american-corp-uam.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20161207005978/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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