Rigrodsky & Long, P.A. Announces Investigation Of Assisted Living Concepts, Inc. Buyout
February 26 2013 - 6:50PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Assisted Living
Concepts, Inc. (NYSE: ALC)?
- Did you purchase any of your shares
prior to February 26, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Assisted
Living Concepts, Inc. (“ALC” or the “Company”) (NYSE: ALC)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by TPG (“TPG”), a global investment firm, in a
transaction valued at approximately $278 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/assisted-living-concepts-inc-alc-2.
Under the terms of the proposal, public shareholders of ALC will
receive $12.00 in cash for each share of ALC’s Class A common stock
they own, and $12.90 in cash for each share of ALC’s Class B common
stock they own.
The investigation concerns whether ALC’s board of directors
failed to adequately shop the Company and obtain the best possible
value for ALC’s shareholders before entering into an agreement with
TPG.
If you own the common stock of ALC and purchased your shares
before February 26, 2013, 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
Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/assisted-living-concepts-inc-alc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Alcon (NYSE:ALC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alcon (NYSE:ALC)
Historical Stock Chart
From Sep 2023 to Sep 2024