GENTIVA HEALTH SERVICES, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
16 Octobre 2014 - 4:55PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Gentiva Health
Services, Inc. (NASDAQ GS: GTIV)?
- Did you purchase any of your shares
prior to October 9, 2014?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Gentiva
Health Services, Inc. (“Gentiva” or the “Company”) (NASDAQ GS:
GTIV) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Kindred Healthcare, Inc. (“Kindred”) (NYSE: KND),
in a transaction valued at approximately $1.8 billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/gentiva-health-services-inc-gtiv.
Under the terms of the agreement, public shareholders of Gentiva
would 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 investigation concerns whether Gentiva’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Gentiva’s shareholders before entering into an agreement
with Kindred. According to Yahoo! Finance, at least one analyst has
issued a price target for Gentiva stock at $20.00 per share.
If you own the common stock of Gentiva and purchased your shares
before October 9, 2014, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/gentiva-health-services-inc-gtiv.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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