Skip to content
Subscriber Only

Blackstone, Emdeon Sued by Investor Over $3 Billion Buyout

A unit of Blackstone Group LP, seeking to acquire Emdeon Inc. in a $3 billion buyout, was sued by a shareholder of the software maker claiming the offer undervalues the company.

John Kowalczyk, an Emdeon investor, sued the Nashville, Tennessee-based company and Blackstone, arguing that the proposed transaction shortchanges shareholders, in a lawsuit filed today in Delaware Chancery Court. Kowalczyk seeks to represent outside shareholders as a group.