The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of RehabCare ...
February 14 2011 - 5:39PM
Business Wire
The Law Office of Abe Shainberg 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 transaction, RehabCare
shareholders will receive $26 in cash and 0.471 shares in Kindred
Healthcare common stock per share of RehabCare. 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.
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 Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/rehabcare-rhb.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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