2014

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Health Management Associates, Inc. - HMA

NEW YORK, July 30, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Health Management Associates, Inc. ("HMA" or the "Company") (NYSE: HMA) (ISIN: US4219331026) (CUSIP: 421933102) concerning the proposed acquisition of HMA by Community Health Systems, Inc. in a transaction valued at $7.6 billion, including the assumption of approximately $3.7 billion of debt.

The investigation concerns whether the HMA directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value.  Under the terms of the agreement, HMA shareholders will be entitled to receive $10.50 per share in cash plus 0.06942 shares of Community Health Systems, Inc. for each share of HMA common stock.  However, the price to EBITDA and Revenue multiples are below the averages of comparable transactions; and at least one analyst has set a target price of $20.00 per share for HMA common stock.

HMA shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.

The firm is also investigating actions on behalf of shareholders for the following companies:  Hilltop Community Bancorp, Inc., Dole Food Company, Inc., and Cooper Tire & Rubber Company.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.

CONTACT:
Robert Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com

SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP



RELATED LINKS
http://www.pomerantzlaw.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.