Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of RehabCare Group, Inc., in Connection with...
09 Febbraio 2011 - 1:30AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
RehabCare Group, Inc. (“RehabCare” or the “Company”) (NYSE:RHB)
related to the Company’s agreement to be acquired by Kindred
Healthcare, Inc. (“Kindred”). The proposed cash-and-stock
transaction is valued at approximately $900 million.
Under the terms of the definitive merger agreement entered into
by the parties, for each share they own of the Company’s common
stock RehabCare shareholders will receive $26.00 in cash and 0.471
shares of Kindred common stock. The proposed transaction values
RehabCare stock at approximately $35.00 per share. The transaction
is expected to be completed on or about June 30, 2011. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the proposed
transaction by RehabCare’s board of directors.
If you are a shareholder of RehabCare, 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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