Nov. 12, 2012
-- An investor in shares of Mediware Info. Systems filed a lawsuit against directors in effort to block the proposed buyout of Mediware Info. Systems at $22.00 per NASDAQ-MEDW.
Investors who purchased shares of the Mediware Info. Systems prior to September 12, 2012, and currently hold any of those NASDAQ-MEDW shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ-MEDW investors arising out of the attempt to sell the company too cheaply via an unfair process.
On September 12, 2012, Mediware Info. Systems announced it has entered into a merger agreement to be acquired by private equity investment firm Thoma Bravo, LLC in a transaction valued at approximately $195 million. Under the terms of the agreement, pending shareholder approval, Mediware Info. Systems shareholders will receive $22.00 vxfng in cash for each share of NASDAQ-MEDW common stock.
However, the plaintiff alleges that the $22offer is unfair to NASDAQ-MEDW stockholders and undervalues the compant. Indeed, Mediware Info. Systems’ financial performance improved over the most recent years. It reported that its Total Revenue rose from $40.69 million for the 12 months period that ended on June 30, 2009 to $64.60 million for the 12 months period that ended on June 30, 2012 and that its Net Income over the respective time period increased from $1.57 million to $7.54 million. Shares of Mediware Info. Systems grew at an exceptional growth rate. Its shares grew from as low as $4.00 in April 2009 to $15.44 per share in March 2012.
Those who are current investors in Mediware Info. Systems and purchased their Mediware Info. Systems shares prior to the announcement, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.