Robbins Umeda LLP Is Investigating Emergency Medical Services Corp. Acquisition for Shareholders
14 Febbraio 2011 - 11:10PM
Business Wire
Robbins Umeda LLP, a shareholder rights litigation firm, is
investigating possible breaches of fiduciary duty and other
violations of state law by members of the board of directors of
Emergency Medical Services Corp. (NYSE: EMS) in connection with
their efforts to sell the company to Clayton, Dubilier & Rice,
LLC.
On February 14, 2011, EMS and CD&R announced a definitive
merger agreement under which EMS will be acquired by CD&R.
Under the terms of the current agreement, EMS shareholders will
receive $64 per share in cash, a 9.4% discount of EMS's closing
price of $70.66 on February 11, 2011.
The investigation seeks to determine whether EMS' board of
directors undertook a fair process to obtain maximum value for its
shareholders. Specifically, since December 2010, at least nine
brokerage firms have had a price target higher than the current
acquisition price. The stock also traded higher than the current
offer price on February 10 and February 11.
If you own stock in EMS and would like more information about
your rights as a shareholder, please contact attorney Gregory E.
Del Gaizo at 800-350-6003 or by e-mail at
info@robbinsumeda.com.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
law firm's skilled litigation teams include former federal
prosecutors, former defense counsel from top multinational
corporate law firms, and career shareholder rights attorneys.
Robbins Umeda LLP has helped its clients realize more than $1
billion of value for themselves and the companies in which they
have invested. For more information, please go to
http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/category/investigations/
Attorney Advertising. Past results do not guarantee a similar
outcome. We welcome you to contact us today to discuss your
case.
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