The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Reha...
February 08 2011 - 12:00PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
RehabCare Group, Inc. (“RehabCare” or the “Company”) (NYSE: RHB)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Kindred
Healthcare, Inc. (NYSE: KND). Under the terms of the transaction,
RehabCare shareholders will receive $26 in cash and 0.471 shares in
Kindred Healthcare common stock per share of RehabCare. Based on
the prior day closing prices, the transaction values RehabCare
stock at approximately $35.18 per share for a total transaction
value of approximately $1.3 billion, including the assumption of
debt.
Click here to learn more about the investigation:
http://www.zlk.com/rehabcare-group-rhb.html, or call:
877-363-5972.
The investigation concerns whether the RehabCare Board of
Directors breached their fiduciary duties to RehabCare stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Kindred Healthcare is underpaying for
RehabCare shares, thus unlawfully harming RehabCare
stockholders.
If you own common stock in RehabCare and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/rehabcare-group-rhb.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Rehabcare (NYSE:RHB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Rehabcare (NYSE:RHB)
Historical Stock Chart
From Jul 2023 to Jul 2024