Law Office of Brodsky & Smith, LLC Announces Investigation of
Metropolitan Health Networks, Inc.
BALA CYNWYD, Pa., Nov. 6, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Metropolitan
Health Networks, Inc. ("MDF" or the "Company") (NYSE: MDF) relating
to the proposed acquisition by Humana, Inc. ("Humana").
Under the terms of the transaction, MDF shareholders will
receive only $11.25 in cash for each
share of MDF stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of MDF for not acting in the Company's
shareholders' best interests in connection with the sale process to
Humana. The transaction may undervalue the Company and will not
result in any substantial gain for many MDF shareholders. For
example MDF stock traded at $11.02 as
recently as October 26, 2012 and an
analyst has set a price target for MDF stock at $13.00 per share.
If you own shares of MDF stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/499-mdf-metropolitan-health-networks-inc.html,
by calling toll free 877-LEGAL-90.
SOURCE Law office of Brodsky & Smith, LLC