The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Nationwide Health Propert...
03 Mars 2011 - 11:42PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Nationwide Health Properties, Inc. (NYSE: NHP) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the company to Ventas, Inc.
(“Ventas”) (NYSE: VTR). Under the terms of the deal, NHP
stockholders will receive 0.7866 shares Ventas stock for each share
of NHP stock they own. Based on the prior closing prices, the deal
values NHP stock at $44.99 per share for a total transaction value
of $7.4 billion.
The investigation concerns whether the NHP Board of Directors
breached their fiduciary duties to NHP stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Ventas is underpaying for NHP shares.
If you own common stock in NHP 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/nationwide-health-nhp.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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