BARRETT JOHNSTON, LLC ANNOUNCES INVESTIGATIONS OF METROPOLITAN HEALTH NETWORKS, INC. (MDF), OPNET TECHNOLOGIES, INC. (OPNT), FIRST CALIFORNIA FINANCIAL GROUP, INC. (FCAL), KBW INC. (KBW), WILLIAMS CONTROLS INC. (WMCO) AND DUSA PHARMACEUTICALS, INC. (DUSA)
Metropolitan Health Networks, Inc.
Barrett Johnston, LLC is investigating the Board of Directors of Metropolitan Health Networks, Inc. (“Metropolitan” or the “Company”) (NYSE MDF) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Humana Inc. for $11.25 per share. At least one analyst set a price target for Metropolitan stock at $13.00 per share.
OPNET Technologies, Inc.
Barrett Johnston, LLC is investigating the Board of Directors of OPNET Technologies, Inc. (“OPNET” or the “Company”) (Nasdaq-OPNT-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Riverbed Technology. Under the terms of the transaction, OPNET shareholders will receive only $36.55 in cash and a fixed 0.2774 shares of Riverbed common stock for each share of OPNET common stock they own.
First California Financial Group, Inc.
Barrett Johnston, LLC is investigating the Board of Directors of First California Financial Group, Inc. (“First California” or the “Company”) (NASDAQ: FCAL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to PacWest Bancorp (“PacWest”). Under the terms of the deal, holders of First California common stock will receive PacWest stock valued at $8.00 for each share they own.
KBW Inc.
Barrett Johnston, LLC is investigating the Board of Directors of KBW Inc. (“KBW” or the “Company”) (NYSE: KBW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Stifel Financial (“Stifel”). Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, KBW shareholders will receive $17.50 per share, comprised of $10.00 per share in cash and $7.50 per share in Stifel common stock.
Williams Controls Inc.
Barrett Johnston, LLC announces that it is investigating potential claims against the Board of Directors of Williams Controls Inc. (“Williams Controls” or the “Company”) (NYSE: WMCO) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell the Company to Curtiss-Wright Corporation for $15.42 per share.
DUSA Pharmaceuticals, Inc.
Barrett Johnston, LLC announces that it is investigating potential claims against the Board of Directors of DUSA Pharmaceuticals, Inc. (“DUSA” or the “Company”) (Nasdaq: DUSA) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell the Company to Sun Pharmaceutical Industries Limited (“Sun”).
Under the terms of the agreement, a 100% subsidiary of Sun will commence a tender offer for all of the outstanding common stock of DUSA at a price of $8.00 per share in cash. The transaction has a total cash value of approximately $230 million. The transaction has been unanimously approved by the boards of directors of both companies and DUSA’s board has recommended that the Company’s shareholders tender their shares pursuant to the tender offer.
Contact:
Timothy L. Miles, Esq.
Barrett Johnston, LLC
217 Second Avenue North
Nashville, TN 37201
Telephone: 615-244-2202
Facsimile: 615-252-3798
Email:
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