N@N

Law Office of Brodsky & Smith, LLC Announces Investigation of Odyssey Healthcare, Inc.

^{Published on 2010-05-25 13:15:41 - Market Wire}
 

BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Odyssey Healthcare, Inc. (aOdysseya or the aCompanya) (Nasdaq:ODSY) relating to the proposed acquisition by Gentiva Health Services, Inc. (aGentivaa). Under the terms of the offer, Odyssey shareholders would receive $27.00 for each share of Odyssey stock they own.

The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Odyssey boarda™s approval of the proposed acquisition. Specifically, Odyssey shareholders need additional information to know what actions the board took to adequately shop the Company before entering into this transaction and whether Gentiva is underpaying for Odyssey, resulting in harm to the Odyssey shareholders. Under the terms of the agreement Gentiva has the right to match any superior offer the Company may receive and the Company may have to pay a termination fee of $28,900,000, making it unlikely that a superior offer will be forthcoming.

If you own shares of Odyssey and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], or by calling toll free 877-LEGAL-90.