Finkelstein Thompson LLP Announces Investigation of Emergency Medical Services Corp.
14 Febbraio 2011 - 7:00PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Emergency Medical Services Corp. (“EMS”
or the “Company”) (NYSE: EMS) concerning the proposed acquisition
of the Company by an affiliate of the private equity firm Clayton
Dubilier & Rice, LLC. Under the terms of the offer, EMS
shareholders will receive $64.00 in cash for each share of Class A
common stock, Class B common stock and LP Exchangeable Units they
own. The transaction is valued at approximately $3.2 billion
including the assumption of debt, and is expected to close in the
second quarter of 2011.
The investigation is focused on the potential unfairness of the
consideration to EMS shareholders, the process by which the Board
of Directors considered the transaction, and potential conflicts of
interests among EMS Board members. The offer price is a 9.4%
discount to the Company’s trading price the day immediately
preceding the announcement of the transaction, and according to
Yahoo! Finance at least one analyst has set a target price of $76
for the Company’s shares. Moreover, the Company stated that its
largest shareholder Onex Corp. and related affiliates, holders of
EMS’s LP Exchangeable Units, have sufficient voting power to
approve the deal, and that they have agreed to vote in favor of
it.
If you are interested in discussing your rights as an EMS
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
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