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CNU Continucare Corp.

6.45
0.00 (0.00%)
24 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Continucare Corp. NYSE:CNU NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.45 0.00 00:00:00

Ryan & Maniskas, LLP Announces Investigation of Continucare Corp.

28/06/2011 3:23pm

Business Wire


Continuecare (NYSE:CNU)
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Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/cnu) is investigating potential claims against the board of directors of Continucare Corp. ("Continucare" or the "Company") (NYSE: CNU) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Continucare to Metropolitan Health Networks, Inc. (“Metropolitan”) in a transaction valued at approximately $416 million.

Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Continucare. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/cnu.

Under the terms of the definitive agreement, Continucare shareholders will get $6.25 in cash and 0.0414 of Metropolitan common stock for each share that they own.

If you own shares of Continucare and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/cnu. You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

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