|[June 26, 2014]
MEDICAL ACTION INDUSTRIES INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
WILMINGTON, Del. --(Business Wire)--
Rigrodsky & Long, P.A.:
Do you own shares of Medical Action Industries Inc. (NASDAQ GS: MDCI)?
Did you purchase any of your shares prior to June 25, 2014?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Medical Action Industries Inc.
("Medical Action" or the "Company") (NASDAQ GS: MDCI)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company's entry into an agreement to be acquired by
Owens & Minor, Inc. ("OMI") (NYSE: OMI),
in a transaction valued at approximately $208 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/medical-action-industries-inc-mdci.
Under the terms of the agreement, public shareholders of Medical Action
would receive $13.80 in cash for each share of Medical Action they own.
The investigation concerns whether Medical Action's board of directors
failed to adequately shop the Company and obtain the best possible value
for Medical Action's shareholders before entering into an agreement with
If you own the common stock of Medical Action and purchased your shares
before June 25, 2014, 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 email@example.com,
or at: http://www.rigrodskylong.com/investigations/medical-action-industries-inc-mdci.
& 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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