On or around 03/23/2017 (Other)
Filing Date: December 02, 2016
According to the Complaint, on October 31, 2016, Team Health announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Tennessee Parent, Inc. (“Parent”) and Tennessee Merger Sub, Inc., a wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which Merger Sub will be merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent (the “Proposed Transaction”).
Pursuant to the terms of the Merger Agreement, Team Health shareholders will receive $43.50 in cash for each share of Team Health common stock that they own (the “Merger Consideration”). The Complaint alleges the Merger Consideration is insufficient and undervalues the Company. Furthermore the Merger Consideration is the result of a flawed sales process.
This case was voluntarily dismissed on February 3, 2017.
Company & Securities Information
Defendant: Team Health Holdings, Inc.
Industry: Business Services
Headquarters: United States
Ticker Symbol: TMH
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Melvyn Klein, et al. v. Team Health Holdings, Inc., et al.
Class Action Complaint for Violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934
Stipulation and [Proposed] Order Concerning Plaintiff's Voluntary Dismissal of the Above Action with Prejudice and Plaintiff's Counsel's Anticipated Application for an Award of Attorneys' Fees and Expenses
Stipulation and [Proposed] Order Closing and Terminating the Action
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available