NASHVILLE, Tenn., Nov. 5, 2012 /PRNewswire/ -- Barrett Johnston, LLC announces that it is investigating potential claims against the Board of Directors of Metropolitan Health Networks, Inc. ("Metropolitan" or the "Company") (NYSE: MDF) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Humana Inc. ("Humana") in a transaction valued at approximately $850 million. Under the terms of the proposed transaction, Metropolitan shareholders will receive $11.25 for each share of Metropolitan stock they own.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Metropolitan and whether the consideration to Metropolitan shareholders is fair and adequate. In particular, at least one analyst set a price target for Metropolitan stock at $13.00 per share.
If you own shares of Metropolitan, 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 Timothy L. Miles, Esquire, of Barrett Johnston, LLC, 217 Second Avenue, North, Nashville, TN 37201 by telephone at (615) 244-2202, Toll Free at (866) 263-0668, or by email to firstname.lastname@example.org, or visit our website at http://www.barrettjohnston.com.
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Timothy L. Miles, Esq.
Barrett Johnston, LLC
217 Second Avenue North
Nashville, TN 37201
SOURCE Barrett Johnston, LLC