Health & Fitness
Health and Fitness
Health and Fitness 
Wed, February 9, 2011
Tue, February 8, 2011
Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of RehabCare Group, Inc., in Connection with t
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of RehabCare Group, Inc. (aRehabCarea or the aCompanya) (NYSE:RHB) related to the Companya™s agreement to be acquired by Kindred Healthcare, Inc. (aKindreda). The proposed cash-and-stock transaction is valued at approximately $900 million.
Under the terms of the definitive merger agreement entered into by the parties, for each share they own of the Companya™s common stock RehabCare shareholders will receive $26.00 in cash and 0.471 shares of Kindred common stock. The proposed transaction values RehabCare stock at approximately $35.00 per share. The transaction is expected to be completed on or about June 30, 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by RehabCarea™s board of directors.
If you are a shareholder of RehabCare, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].