Monday, March 16, 2009
Emageon Merger Arbitrage - Update
On March 11th, 2009 a putative class action law suit was filed againat Emageon and AMICAS claiming that the Company breached its fudiciary duty when negotiating the merger. The plaintiffs seeks to enjoin the trasnaction. Both Emageon and AMICAS (and myself) believe the lawsuit is without merit. Nonetheless, the currently pending lawsuit could lengthen the time until closing.
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