Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of RehabCare Group, Inc. - RHB
February 11 2011 - 5:56PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of RehabCare Group, Inc. (“RehabCare” or the “Company”)
(NYSE: RHB) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Kindred Healthcare, Inc. (“Kindred”) (NYSE: KND) for an estimated
$900 million. The proposed transaction only offers RehabCare
shareholders $26.00 in cash and 0.471 shares of Kindred for each of
their shares. Kindred plans to issue approximately 12 million
shares in connection with the deal. The transaction is subject to
approval by shareholders and expected to close on or a bout June
30, 2011.
Request more information now by clicking here:
www.faruqilaw.com/RHB
Whether the RehabCare’s Board of Directors breached their
fiduciary duties to RehabCare’s stockholders by failing to conduct
an adequate and fair sales process to sell the Company prior to
agreeing to this proposed transaction, whether the proposed
transaction undervalues RehabCare’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
RehabCare shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in RehabCare and wish to obtain
additional information, please visit us at www.faruqilaw.com/RHB or
contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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