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Under the terms of the transaction, MPS stockholders will receive $13.80 in cash for each share of MPS common stock they own. The transaction is valued at approximately $1.3 billion. The investigations concerns whether the board breached their fiduciary duties by agreeing to various deal protections that may prevent other superior offers. These protections include a $45 million termination fee and a no-solicitation provision.
If you are a MPS shareholder and wish to discuss the legal ramifications of the Board's actions, 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 Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
SOURCE: Brodsky & Smith, LLC
Brodsky & Smith, LLC Jason L. Brodsky, Esquire Marc L. Ackerman, Esquire 877-LEGAL-90 clients@brodsky-smith.com
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