The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the board of
directors of Medical Action Industries Inc. (“Medical Action” or the
“Company”) (NasdaqGS: MDCI) relating to the proposed buyout of the
Company by Owens & Minor, Inc. (“Owens & Minor”).
It was announced on June 25, 2014, that Medical Action and Owens & Minor
have signed a definitive agreement under which Owens & Minor will
acquire all outstanding shares of Medical Action in a merger valued at
approximately $208 million.
for SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Medical Action Industries Inc. In Connection With The Proposed Sale Of The Company To Owens & Minor, Inc. investment picks