The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Emergency Medical Service...
15 Février 2011 - 10:31PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Emergency Medical Services Corporation (NYSE: EMS) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Clayton, Dubilier
& Rice, LLC a private equity investment firm. Under the terms
of the proposed transaction, EMS shareholders will receive $64 in
cash per EMS share for a total transaction value of approximately
$3.0 billion.
The investigation concerns whether the EMS Board of Directors
breached their fiduciary duties to EMS stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Clayton, Dubilier & Rice is underpaying for EMS
shares. EMS stock traded as high as $70.94 as recently as February
10, 2011. Also, the median price target for EMS stock set by
analysts is $68 per share and at least one analyst set a price
target of $76 per share.
If you own common stock in EMS and wish to obtain additional
information, please contact Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/emergency-medical-ems.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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