Bull & lifshitz, llp announces investigation of the acquisition of novamed, inc.

New york--(business wire)--bull & lifshitz, llp announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of novamed, inc. (nasdaq: nova - news) (referred to as "novamed" or the “company”) by an affiliate of surgery center holdings, inc. (“surgery partners”) in a cash transaction valued at approximately $214 million, including the assumption or repayment of approximately $105 million of indebtedness. under the terms of the agreement, surgery partners will acquire novamed for $13.25 per share in cash. certain novamed directors and officers that in the aggregate own approximately 10.5% of novamed’s outstanding shares have entered into agreements with surgery partners to vote in favor of the merger. bull & lifshitz, llp's investigation is focused on whether the proposed deal provides adequate value to the company’s shareholders. if you are a holder of novamed stock and want to discuss your legal rights, you may e-mail or call bull & lifshitz, llp who will, without obligation or cost to you, attempt to answer your questions. if you are a shareholder of novamed and would like more information about our investigation, please contact peter d. bull, esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. all e-mail correspondence should make reference to novamed. bull & lifshitz, llp is a new york city-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. for more information about the firm, please visit our website at www.nyclasslaw.com. attorney advertising. © 2010 bull & lifshitz, llp. the law firm responsible for this advertisement is bull & lifshitz, llp, 18 east 41st street, new york, new york 10017, (212) 213-6222. prior results do not guarantee or predict a similar outcome with respect to any future matter.
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