SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Gentiva Health Services, Inc. And Encoura...
13 Octobre 2014 - 11:51PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Gentiva Health Services, Inc.
(“Gentiva” or the “Company”) (NASDAQ: GTIV) relating to the
proposed buyout of the Company by Kindred Healthcare, Inc.
(“Kindred”).
On October 9, 2014, Gentiva and Kindred announced the signing of
a definitive merger agreement pursuant to which Kindred will
acquire Gentiva in a transaction valued at approximately $1.8
billion.
Under the terms of the transaction, Gentiva shareholders are
anticipated to receive $14.50 per share in cash and $5.00 of
Kindred common stock (which equates to 0.257 shares of Kindred
common stock based upon an agreed upon fixed exchange ratio), for
each share of Gentiva they own. The transaction is expected to
close in the first quarter of 2015, though Gentiva shareholders
will most likely be asked to vote on the transaction well before
that time.
The firm’s investigation seeks to determine, among other things,
whether Gentiva’s Board of Directors failed to satisfy their duties
to the Company’s shareholders, including whether the board
adequately pursued alternatives to the acquisition and whether the
board obtained the best price possible for the Company’s shares of
common stock. In particular, according to Yahoo! Finance, at least
one Wall Street analyst has issued a price target for Gentiva stock
at $20.00 per share.
If you currently own common stock of Gentiva and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional Corporation1925 Old Valley
RoadStevenson, Maryland 21153Charles J. Piven,
410-415-6616hoffman@browerpiven.com
Gentiva Health Services (NASDAQ:GTIV)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Gentiva Health Services (NASDAQ:GTIV)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about (MM) (NASDAQ): 0 recent articles
Plus d'articles sur Gentiva Health Services, Inc. (MM)