EQUITY ALERT: Rosen Law Firm Announces Investigation of Gentiva Health Services Inc. Concerning its Proposed Sale to Kindred ...
09 Octobre 2014 - 6:50PM
Business Wire
The Rosen Law Firm, P.A. announces that it is investigating the
Board of Directors of Gentiva Health Services Inc. (NASDAQ: GTIV)
for possible breaches of fiduciary duty and other violations of law
by failing to adequately shop Gentiva to maximize shareholder value
before agreeing to be acquired by Kindred Healthcare Inc. (NYSE:
KND).
If you would like to join the action, go to
http://rosenlegal.com/cases-394.html or contact Phillip Kim or
Kevin Chan, toll-free at 866-767-3653, or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $14.50 per share in cash and $5.00 of Kindred common stock
– equating to 0.257 shares of Kindred common stock based upon an
agreed upon fixed exchange ratio – for each share of Gentiva they
own. The proposed transaction is valued at approximately $1.8
billion. The investigation relates to whether the proposal for
$19.50 per share in a combination of cash and stock is fair to
public shareholders and whether Gentiva’s Board breached its
fiduciary duties in connection with the proposed sale.
If you currently own shares of Gentiva and wish to obtain
additional information, please visit the website at
http://rosenlegal.com/cases-394.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
-------------------------------
Contact Information:
Phillip Kim, Esq.Kevin Chan, Esq.Laurence Rosen, Esq.The Rosen
Law Firm, P.A.275 Madison Avenue, 34th FloorNew York, New York
10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
The Rosen Law Firm, P.A.Phillip Kim or Kevin
Chan866-767-3653pkim@rosenlegal.comkchan@rosenlegal.com
Gentiva Health Services (NASDAQ:GTIV)
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