Health & Fitness
Health and Fitness
Health and Fitness 
Wed, February 9, 2011
Tue, February 8, 2011
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of RehabC
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of RehabCare Group, Inc. (aRehabCarea or the aCompanya) (NYSE: RHB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kindred Healthcare, Inc. (NYSE: KND). Under the terms of the transaction, RehabCare shareholders will receive $26 in cash and 0.471 shares in Kindred Healthcare common stock per share of RehabCare. Based on the prior day closing prices, the transaction values RehabCare stock at approximately $35.18 per share for a total transaction value of approximately $1.3 billion, including the assumption of debt.
Click here to learn more about the investigation: [ http://www.zlk.com/rehabcare-group-rhb.html ], or call: 877-363-5972.
The investigation concerns whether the RehabCare Board of Directors breached their fiduciary duties to RehabCare stockholders by failing to adequately shop the Company before entering into this transaction and whether Kindred Healthcare is underpaying for RehabCare shares, thus unlawfully harming RehabCare stockholders.
If you own common stock in RehabCare and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/rehabcare-group-rhb.html ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.