Catalyst Health Solutions, Inc. : The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Catalyst Health Solutions Inc. in Connection with the Sale of the Company to SXC Health Solutions, Corp.
04/19/2012| 03:30pm US/Eastern
Levi & Korsinsky is investigating the Board of Directors of Catalyst
Health Solutions Inc. ("Catalyst") (Nasdaq: CHSI) for possible breaches
of fiduciary duty and other violations of state law in connection with
the sale of the Company to SXC Health Solutions Corp. ("SXC") (Nasdaq:
SXCI). Under the terms of the transaction, Catalyst shareholders will
receive $28.00 in cash and 0.6606 shares of SXC stock for each Catalyst
share they own. The transaction values Catalyst stock at approximately
$81.02 per for a total transaction value of approximately $4.4 billion.
Click here to learn how to join the action: http://www.zlk.com/catalyst-health-solutions-chsi,
or call: 877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the Catalyst Board of Directors
breached their fiduciary duties to Catalyst stockholders by failing to
adequately shop the Company before entering into this transaction and
whether SXC is underpaying for Catalyst shares, thus unlawfully harming
If you own common stock in Catalyst and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. The
attorneys at Levi & Korsinsky have been appointed by numerous courts
throughout the country to serve as lead counsel on behalf of
shareholders in major securities lawsuits and have successfully
recovered multimillion-dollar damages awards on behalf of investors. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Toll Free: 877-363-5972
© Business Wire 2012