WAYNE, Pa., Feb. 27, 2013 /PRNewswire/ -- Ryan &
Maniskas, LLP (www.rmclasslaw.com/cases/alc) is investigating
potential claims against the board of directors of Assisted Living
Concepts Inc. ("Assisted Living" or the "Company") (NYSE:
ALC) concerning possible breaches of fiduciary duty and other
violations of law related to the Company's efforts to sell the
Company to TPG in a transaction valued at approximately
$278 million.
(Logo:
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Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by the Company's board of directors; in particular,
whether the Company undertook a fair process to obtain fair
consideration for all shareholders of Assisted Living. For
more information regarding our investigation, please contact Ryan
& Maniskas, LLP (Richard A. Maniskas,
Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/alc.
Under the terms of the proposal, public shareholders of Assisted
Living will receive $12.00 in cash
for each share of Class A common stock they own, and $12.90 in cash for each share of Class B common
stock they own.
If you own shares of Assisted Living and would like to learn
more about these claims or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/alc. You may also email Mr. Maniskas
at rmaniskas@rmclasslaw.com. For more information about class
action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
CONTACT:
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Ryan
& Maniskas, LLP
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Richard
A. Maniskas, Esquire
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995 Old
Eagle School Rd., Suite 311
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Wayne,
PA 19087
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877-316-3218
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www.rmclasslaw.com/cases/alc
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rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP