Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Nationwide Health Properties, Inc.
11 Mars 2011 - 5:09PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Nationwide Health Properties, Inc. (NYSE: NHP)
(referred to as "NHP" or the “Company”) by Ventas, Inc. (“Ventas”)
in a stock-for-stock transaction valued at $7.4 billion.
Under the terms of the agreement, NHP shareholders will receive
a fixed exchange ratio of 0.7866 Ventas shares for each share of
NHP common stock they own. Based on the closing stock price for
Ventas on Friday, February 25, 2011, this consideration would be
equivalent to $44.99 of Ventas stock for each NHP share. Upon
closing of the transaction, Ventas shareholders are expected to own
approximately 65% and NHP shareholders are expected to own
approximately 35% of the combined company.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders. If you are a holder of NHP stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of NHP and would like more information
about our investigation, please contact Peter D. Bull, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: counsel@nyclasslaw.com. All e-mail
correspondence should make reference to NHP.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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