SAN DIEGO, April 27, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of ExamWorks Group, Inc. (NYSE: EXAM) breached their fiduciary duties in connection with the proposed sale of the Company to Leonard Green & Partners, L.P.
ExamWorks provides independent medical examinations (IMEs), peer and bill reviews, Medicare compliance, case management, record retrieval, document management and other related services.
On April 27, 2016, ExamWorks announced it had signed a definitive merger agreement with Leonard Green. Under the terms of the agreement, Leonard Green will acquire all of the outstanding shares of common stock of ExamWorks for $35.05 per share in an all cash transaction.
The investigation concerns whether the ExamWorks board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for ExamWorks shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration. ExamWorks 52 week high was $44.33.
If you are a shareholder of ExamWorks and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP