Pomerantz Law Firm Investigates Claims on Behalf of Investors of Lincare Holdings Inc.
02 Juillet 2012 - 5:40PM
Business Wire
Pomerantz Haudek Grossman & Gross LLP is investigating
claims on behalf of investors of Lincare Holdings Inc. (“Lincare”
or the “Company”) (NASDAQ: LNCR) (ISIN: US5327911005) concerning
the proposed acquisition of Lincare by Linde AG in a cash
transaction valued at approximately $4.5 billion.
The investigation concerns whether the Lincare directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, Lincare shareholders would receive $41.50 in cash per
share of Lincare common stock. However, it is unclear whether the
share price adequately compensates shareholders for Lincare’s
growth potential. Lincare’s share price has increased 10% over the
last year and it is poised for additional growth due to the aging
population.
Lincare shareholders seeking more information about this
acquisition are advised to contact Rebecca Jarmon at
rjarmon@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York and Chicago, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the dean of the class action bar,
the Pomerantz Firm pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
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