Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Health Grades, Inc.
July 29 2010 - 4:51PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Health Grades, Inc. (NASDAQ: HGRD) (referred to as
"Health Grades" or the “Company”) by Vestar Capital Partners V,
L.P. (referred to as "Vestar") in a cash transaction valued at
approximately $294 million.
Under the terms of an agreement unanimously approved by the
Board of Directors of Health Grades, an affiliate of Vestar will
commence an all-cash tender offer no later than August 10, 2010.
Following completion of the tender offer, the affiliate of Vestar
will acquire all of the remaining publicly-held shares of Health
Grades at $8.20 per share through a second-step merger.
Bull & Lifshitz, LLP's investigation is focused on whether
the Board of Directors breached their fiduciary duties to Health
Grades stockholders and whether the proposed deal provides adequate
value to the Company’s shareholders.
If you are a holder of Health Grades stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Health Grades and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Health Grades.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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