WILMINGTON, Del., Oct. 9, 2014 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Gentiva Health Services, Inc. (NASDAQ
GS: GTIV)?
- Did you purchase any of your shares prior to October 9, 2014?
- 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 Gentiva
Health Services, Inc. ("Gentiva" or the "Company") (NASDAQ GS:
GTIV) regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Kindred Healthcare, Inc. ("Kindred") (NYSE: KND),
in a transaction valued at approximately $1.8 billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/gentiva-health-services-inc-gtiv.
Under the terms of the agreement, public shareholders of Gentiva
shareholders would receive $14.50 per
share in cash and $5.00 of Kindred
common stock (which equates to 0.257 shares of Kindred common stock
based upon an agreed upon fixed exchange ratio), for each share of
Gentiva they own.
The investigation concerns whether Gentiva's board of directors
failed to adequately shop the Company and obtain the best possible
value for Gentiva's shareholders before entering into an agreement
with Kindred. According to Yahoo! Finance, at least one
analyst has issued a price target for Gentiva stock at $20.00 per share.
If you own the common stock of Gentiva and purchased your shares
before October 9, 2014, 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 Seth D.
Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/gentiva-health-services-inc-gtiv.
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.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.