Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Psychiatric Solutions, Inc.
17 Maggio 2010 - 8:09PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Psychiatric Solutions, Inc. (“Psychiatric Solutions” or the
“Company”) (NASDAQ:PSYS) related to the Company’s agreement to be
acquired by Universal Health Services, Inc. (“UHS”). The proposed
transaction is valued at approximately $3.1 billion, including
assumed debt.
Under the terms of the definitive agreement entered into by the
parties, UHS will pay $33.75 in cash for each share of Psychiatric
Solutions, or approximately $2 billion. The transaction is expected
to be completed in the fourth quarter of 2010. The investigation
concerns possible breaches of fiduciary duty and other violations
of law related to approval of the transaction by Psychiatric
Solutions’ board of directors.
If you own shares of Psychiatric Solutions, Inc., if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at
888-638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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