Buyout Of M*Modal - Shareholder Investigation By Tripp Levy PLLC

NEW YORK, July 3, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating the Senior Management and the Board of Directors of M*Modal, Inc. for possible breaches of fiduciary duty and other violations of state law.

M*Modal (NASDAQ/GS: MODL) and One Equity Partners today announced that they have entered into a definitive agreement pursuant to which One Equity Partners, the private investment arm of JP Morgan Chase & Co., will acquire all of the outstanding shares of M*Modal for $14.00 per share in an all-cash transaction. The transaction is valued at approximately $1.1 billion.

Under the terms of the agreement, M*Modal shareholders will receive $14.00 in cash for each outstanding share of M*Modal common stock they own.  Investment funds affiliated with S.A.C. Private Capital Group LLC (S.A.C. PCG), collectively M*Modal's largest shareholder owning approximately 31% of M*Modal's outstanding shares in the aggregate, have agreed to tender their shares into the offer and to support the transaction. S.A.C. PCG is a private equity firm managed by the founders of Siris Capital Group, LLC.

The investigation concerns, among other things, whether the consideration to be paid to M*Modal shareholders is unfair, inadequate, and substantially below the fair or inherent value of Interline, and whether the senior management of Interline are putting their own self-interests ahead of that of the Company's shareholders.  Indeed, analysts project that the company's true going forward inherent value is at least $16 per share.  

If you own common stock in M*Modal and wish to obtain additional information, please contact us at:

Tripp Levy PLLC
Toll free: 877-772-3975
Email: [email protected]
www.tripplevy.com

SOURCE Tripp Levy PLLC

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