Ryan & Maniskas, LLP Announces Investigation of Psychiatric Solutions, Inc.
18 Maggio 2010 - 12:30AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/psys) has
commenced an investigation into possible breaches of fiduciary duty
and other violations of state law by members of the Board of
Directors of Psychiatric Solutions, Inc. (“Psychiatric Solutions”
or the “Company”) (NASDAQ:PSYS) in connection with their actions in
causing Psychiatric Solutions to enter into a merger agreement with
Universal Health Services, Inc. (“UHS”). The proposed transaction
is valued at approximately $3.1 billion, including assumed
debt.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Psychiatric Solutions. For more information
regarding our investigation, please contact Ryan & Maniskas,
LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or
by email at rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/psys.
Under the terms of the agreement, 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.
If you own shares of Psychiatric Solutions and would like to
learn more about these claims or if you wish to discuss these
matters and have any questions concerning this announcement or your
rights, contact Richard A. Maniskas, Esquire toll-free at (877)
316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/psys. You may also email Mr. Maniskas at
rmaniskas@rmclasslaw.com. For more information about class action
cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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