IMS Health, Inc Shareholder Alert: Investigation

Shareholders Foundation, Inc., Mail@ShareholdersFoundation, www.ShareholdersFoundation.com

2009-11-06 20:03:42 - Investigation on behalf of investors of IMS Health, Inc. (Public, NYSE:RX) shares over possible breach of fiduciary duty by the IMS Health board of directors – Contact the Shareholders Foundation at mail@shareholdersfoundation.com

An investigation on behalf of current investors of IMS Health, Inc. (Public, NYSE:RX), who purchased the RX shares before November 05, 2009, over potential breaches of fiduciary duty and other violations of state law in connection with an alleged unfair takeover price was announced.

If you are currently an investor in shares of IMS Health, Inc. (Public, NYSE:RX), and purchased

the shares before November 05, 2009, and / or have additional information relating to the investigation, you should contact the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554.

The investigation by a law firm focuses on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of IMS Health, Inc. arising out of their attempt to sell IMS Health to TPG Capital and the CPP Investment Board. On November 05, 2009 IMS Health, Inc. announced that it has entered into a definitive agreement to be acquired by investment funds managed by TPG Capital and the CPP Investment Board in a transaction with a total value of $5.2 billion, including the assumption of debt. Under the proposed agreement, IMS Health, Inc shareholders will receive $22.00 cash for each share of IMS common stock (NYSE:RX ) they own. IMS Health, Inc said the agreement was unanimously approved by the IMS Board of Directors and that the offer represents a premium of approximately 50 percent over the closing share price on Friday, October 16, 2009.

But according to an investigation by a law firm “the transaction appears to be unfair” to current investors of IMS Health, Inc. (NYSE:RX) because the “offer to purchase IMS Health, Inc. (NYSE:RX) per share appears opportunistically timed to take advantage of the current economic downturn”. Shares of IMS Health, Inc (NYSE:RX) traded at $20.73 per share after the announcement and at about $17 per share the day before the news. RX shares reached $22.82 per share in August ‘08, $25.13 per share in May 08, over $30 per share in September ’07, and almost $33 per share in 2007.
The investigation “concerns whether the IMS Health Board of Directors breach their fiduciary duties to IMS Health, Inc. (RX) shareholders by agreeing to sell IMS Health at an unfair price thereby harming IMS Health, Inc and its shareholders”, “whether the directors of IMS Health, Inc may have breached their fiduciary duties by not acting in RX shareholders' best interests”, and “the Company may not have adequately shopped itself around before entering into this transaction and, pursuant to this transaction, TPG Capital and the CPP Investment Board may be underpaying for IMS Health, thus unlawfully harming IMS (RX)shareholders.” IMS Health Incorporated, located in Norwalk, CT, reported in 2007 Total Revenue of $2.19257billion with a Net Income of $234.04million and in 2008 Total Revenue of $2.32953billion with a Net Income of $311.25million, and is a provider of market intelligence to the pharmaceutical and healthcare industries. IMS offers market intelligence products and services, including portfolio optimization capabilities; commercial effectiveness innovations; managed care and consumer health offerings, and consulting and services solutions. Those who are currently an investor in shares of IMS Health, Inc. (NYSE:RX), and purchased the shares before November 05, 2009, and / or have additional information relating to the investigation, should contact the Shareholders Foundation.