NEW YORK, Nov. 17, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Universal American Corp. ("Universal American" or the "Company") (NYSE: UAM) concerning the proposed acquisition of the Company by WellCare Health Plans, Inc. ("WellCare").
Under the terms of the offer, WellCare would acquire Universal American in a transaction valued at approximately $600 million. Pursuant to the deal, Universal American stockholders will receive $10.00 in cash for each share owned.
Our investigation concerns whether the Universal American board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Universal American shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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