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M*Modal Being Investigated - Not Surprised

Posted: Jul 04, 2012

Harwood Feffer LLP Announces Investigation of MModal Inc.

Press Release: Harwood Feffer LLP – 10 hours ago

Companies:

RELATED QUOTES

Symbol	Price	Change
MODL	14.02	1.09

NEW YORK, July 3, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of MModal Inc. ("MModal" or the "Company") (MODL) concerning the proposed acquisition of the Company by JPMorgan Chase & Co. ("JPMorgan") in a transaction valued at approximately $1.1 billion.

(Logo:http://photos.prnewswire.com/prnh/20120215/MM54604LOGO )

On July 3, 2012, it was announced that MModal and JPMorgan have entered into a definitive agreement pursuant to which JPMorgan will acquire MModal. Under the agreement, MModal shareholders will receive $14.00 in cash per share held. At least one analyst has set a target price for MModal stock of $16.00 per share.

Our investigation concerns whether the MModal board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.

If you own MModal shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising.© 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Interesting. JP Morgan Chase is being investigated for - manipulating the power market. Birds of a feather.

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=^..^=

Means nothing. Same exact thing took place after Nuance - Transcend acquisition. Deal closed a week or so l

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nm

JPMC buying M*Modal - oldmt

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Why is M*Modal selling out to JPMC? They are a financial institution not another MTSO? Sounds rather odd as if there was some nondisclosed financial difficulty the company foresees down the road. Hard to believe since they are still the largest MTSO.

I doubt financial difficulty, but rather financial - opportunity down the road. And then there was one

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s

Mmodal buyout - soapie12

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I googled this merger and discovered a site that broke down Mmodal financial a little. It stated Mmodal has cash in the range of $34 million with a debt in the range of $296 million currently. It also stated that last year was a record profit year for Mmodal. Its difficult to analyze on this limited info but, if we continue to make profit like last year, Mmodal probably is financially okay. It still scares me though....what if we don't have a good profit year. Just call me a pessimist on this I guess. I've worked for companies that have been bought out and it wasn't pretty. Lots of cuts and even one that went completely out of business (that one was losing money like a sieve before the buyout though). Just trying to be optimistic here but I don't think I'm succeeding :P

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