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Finkelstein Thompson LLP Announces Investigation of Odyssey HealthCare, Inc.

^{Published on 2010-05-26 08:47:23 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Odyssey HealthCare, Inc, (aOdysseya or the aCompanya) (NASDAQ:ODSY) arising out of its agreement to be acquired by Gentiva Health Services, Inc. (aGentivaa) (NASDAQ:GTIV). Under the terms of the merger agreement, Odyssey shareholders will receive $27 in cash for each share of common stock owned, valuing the transaction at approximately $1 billion. The deal is expected to close in the third quarter of 2010.

The investigation is focused on the potential unfairness of the consideration to Odyssey shareholders and the process by which the Odyssey Board of Directors considered and approved the transaction. Odysseya™s year-end financial results showed significant improvement from the prior year and their first quarter earnings per share for 2010 beat analysta™s estimates.

If you are interested in discussing your rights as an Odyssey shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.