INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Envision Healthcare Holdings, Inc. And Enco...
June 28 2016 - 4:33PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Envision Healthcare Holdings, Inc.
(NYSE: EVHC) (“Envision” or the “Company”) relating to the proposed
buyout of Envision by AmSurg Corp.
Under the terms of the agreement, Envision shareholders are
anticipated to receive 0.334 shares of AmSurg common stock for each
share of Envision common stock held. The transaction values
Envision stock at approximately $26.21 per share.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock. The transaction may undervalue the Company and would
result in no real gain or a loss for many long-term Envision
shareholders, especially given that the Company’s 52-week high was
$45.95. Additionally, according to Yahoo! Finance, at least one
Wall Street analyst has issued a price target for Envision stock at
$36.00 per share.
If you currently own common stock of Envision and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20160628006619/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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