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CBay buyout of MQ - 2Teed4Words


Posted: Feb 18, 2011

Speaking of changes.  Ba-Ba-Big Ch-Ch-Changes are coming.  CBay is trying to buy 100% of MQ.  Check out article at:

http://investing.businessweek.com/research/stocks/news/news.asp?ticker=MEDQ:US

Other articles of interest there also.  Basically reads:

Management Led Buyout of MedQuist Causes Shareholder Claim Investigation by Goldfarb Branham Law Firm LLP

DALLAS--(BUSINESS WIRE)--Feb. 7, 2011-- Goldfarb Branham LLP is investigating whether the Board of Directors of Medquist, Inc. (NASDAQ: MEDQ) violated shareholder protection laws in connection with the proposed exchange offer by CBay Systems Holdings Limited. If you are a MedQuist, Inc. shareholder – or have knowledge of this transaction – you are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com.

"CBay -- which already owns 69.5 percent of MedQuist -- has offered to exchange one share of CBay for each share of MedQuist it does not already own," securities lawyer Hamilton Lindley said. "Our potential class action lawsuit seeks to ensure that the MedQuist Board of Directors maximizes value for investors in this management led buyout by the company’s controlling shareholder."

I think this has been discussed here before. - nm

[ In Reply To ..]
x

Old news and discussed some time ago - Ho Hum

[ In Reply To ..]
CBay already running the show anyway, so changes will happen regardless. Useless to go to another company as CBay is aggressively going after the other companies and either buying them outright or getting their clients by offering much lower rates. The smaller MTSOs cannot compete.


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