The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Emergency ...
22 Février 2011 - 5:04PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Emergency Medical Services Corporation (“EMS” or the
“Company”) (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 transaction, EMS
shareholders will receive $64 in cash per EMS share they own 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, thus unlawfully harming EMS stockholders. According to
Yahoo! Finance, 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. Also, EMS stock traded as high as $70.94
as recently as February 10, 2011.
If you own common stock in EMS and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/emergencyservices.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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