Investigation of Medical Action Industries, Inc.
Smithtown, New York – June 26, 2014
The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of Medical Action Industries, Inc. (NASDAQ GS: MDCI) for possible breaches of fiduciary duties and other violations of law in connection with Medical Action Industries, Inc.’s agreement to be acquired by Owens & Minor, Inc. (NYSE: OMI), in a transaction valued at approximately $280 million.
Under the terms of the agreement, public shareholder of Medical Action Industries, Inc. (“Medical Action”) would receive receive $13.80 in cash for each share of Medical Action they own.
The investigation concerns whether Medical Action’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Medical Action’s stockholders would be fair and adequate, and whether Medical Action is acting in its stockholders’ best interests.
If you own Medical Action common stock, purchased your shares prior to June 25, 2014, and wish to obtain additional information, please contact Mr. Beige by email at or by telephone at (631) 231-7725. Learn more by visiting the web site.