Kendall Law Group Investigates RehabCare Group, Inc. Acquisition for Shareholders
February 08 2011 - 9:38AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating RehabCare Group, Inc. (NYSE: RHB) for shareholders in
connection with the proposed acquisition by Kindred Healthcare,
Inc. The national securities firm’s investigation seeks to
determine whether RehabCare and its Board breached their fiduciary
duties by entering into the agreement without properly shopping for
a deal that would provide better value for shareholders. If you are
a RehabCare shareholder and would like additional information about
your rights, contact the Kendall Law Group at 877-744-3728 or by
email at skendall@kendalllawgroup.com.
On February 8, 2011, the companies announced the definitive
merger agreement under which RehabCare would be acquired by Kindred
Healthcare, in a transaction valued at approximately $900 million.
Under the terms of the agreement, RehabCare stockholders will
receive $26.00 per share in cash and 0.471 of a share of Kindred
common stock (NYSE: KND) for each share of RehabCare/RHB common
stock held. The firm’s investigation seeks to determine whether
RehabCare and its Board negotiated a deal that provides the best
value available to shareholders.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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