The Law Firm of Weiss & Lurie Investigates the Acquisition of RehabCare Group, Inc.
08 Febbraio 2011 - 10:06PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by members of the Board of Directors of RehabCare
Group, Inc. (NYSE: RHB) arising from the proposed acquisition of
RehabCare by Kindred Healthcare, Inc. (NYSE: KND).
Under the terms of the transaction, shareholders will receive
0.471 shares of Kindred common stock and $26.00 in cash for each
share of RehabCare common stock. Based upon the average value of
Kindred stock during the ten trading days preceding the date that
the merger agreement was signed, the offer values RehabCare stock
at approximately $35.00 per share. The transaction is expected to
close on or about June 30, 2011.
Weiss & Lurie is investigating whether RehabCare’s Board
acted in the best interests of shareholders in approving the
transaction and whether the Board properly sought to maximize
shareholder value. Notably, RehabCare shares traded at nearly $32
as recently as May 2010.
If you own RehabCare shares and would like more information
about your rights as a shareholder or additional information
concerning our investigation, please contact Julia J. Sun either by
email at infony@weisslurie.com or by telephone at (888)
593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at infony@weisslurie.com or fill out the form on
our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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