The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of RehabCare Group, Inc. in ...
February 09 2011 - 5:46PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of RehabCare Group, Inc. (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 proposed transaction, RehabCare
shareholders will receive $26 in cash and 0.471 shares in Kindred
Healthcare common stock per share, which values RehabCare stock at
approximately $35.18 per share for a total transaction value of
approximately $1.3 billion, including the assumption of debt.
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.
If you own common stock in RehabCare and wish to obtain
additional information, please contact Joseph Klein, Esq. directly,
via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005,
Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/rehabcare-group.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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