GENTIVA (GTIV) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Gentiva Health Services Inc.
10 Octobre 2014 - 12:43AM
Business Wire
Andrews & Springer LLC, a boutique securities class
action law firm focused on representing shareholders nationwide, is
investigating potential breach of fiduciary duty claims against the
Board of Directors of Gentiva Health Services Inc. (NASDAQ: GTIV)
(“Gentiva” or the “Company”) relating to the sale of the Company to
Kindred Healthcare Inc. (“Kindred”). On October 9, 2014, the two
companies announced the signing of a definitive merger agreement
pursuant to which Kindred will acquire Gentiva in a merger in a
deal worth $1.8 billion. As a result of the merger, Gentiva
shareholders are only anticipated to receive $14.50 per share in
cash and 0.257 shares of Kindred common stock (for total combined
consideration of $19.50 per share).
Andrews & Springer’s investigation focuses on the
insufficient consideration that Gentiva shareholders are expected
to receive. Analysts at Yahoo! Finance have set a $20.00 per share
price target for Gentiva. Also, the 0.257 fixed exchange ratio
restricts the value that Gentiva shareholders are expected to
receive by exposing Gentiva shareholders to the volatility of
Kindred’s share price. Recently, Kindred has traded as high as
$26.26 on June 6, 2014 and as low as $19.74 after the markets
closed yesterday.
Given this information Andrews & Springer is investigating
whether Gentiva directors are breaching their fiduciary duties by
failing to adequately shop the company and maximize shareholder
value.
If you own shares of Gentiva and want to receive additional
information and protect your investments free of charge, please
visit us at
http://www.andrewsspringer.com/cases-investigations/GTIV or contact
Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or
call toll free at 1-800-423-6013. You may also follow us on
LinkedIn – www.linkedin.com/company/andrews-&-springer-llc,
Twitter – www.twitter.com/AndrewsSpringer or Facebook –
www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law
firm representing shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate
misconduct. Having formerly defended some of the largest financial
institutions in the world, our founding members use their valuable
knowledge, experience, and superior skill for the sole purpose of
achieving positive results for investors. These traits are the
hallmarks of our innovative approach to each case our Firm
decides to prosecute. For more information please visit our website
at www.andrewsspringer.com. This notice may constitute Attorney
Advertising.
Andrews & Springer LLCCraig J. Springer, Esq.,
1-800-423-6013cspringer@andrewsspringer.com
Gentiva Health Services (NASDAQ:GTIV)
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