Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Health Fitness Corporation (the “Company”) (AMEX:FIT) related to the Company’s agreement to be acquired by Trustmark Mutual Holding Company (“Trustmark”). The all-cash transaction is valued at approximately $97 million.
Under the terms of the definitive merger agreement, Trustmark, through a subsidiary, will commence a tender offer to purchase all outstanding shares of Health Fitness Corporation common stock at $8.78 per share in cash. The transaction is expected to be completed in the first quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the merger agreement by the Health Fitness Corporation board of directors.