Health & Fitness
Thu, February 17, 2011Wed, February 16, 2011Tue, February 15, 2011Mon, February 14, 2011Fri, February 11, 2011Thu, February 10, 2011Wed, February 9, 2011Tue, February 8, 2011Mon, February 7, 2011Sun, February 6, 2011Fri, February 4, 2011Thu, February 3, 2011Wed, February 2, 2011Tue, February 1, 2011Mon, January 31, 2011Robbins Umeda LLP Is Investigating RehabCare Group, Inc. Acquisition for Shareholders
Published in Health and Fitness on Wednesday, February 9th 2011 at 11:35 GMT by Market Wire
SAN DIEGO--([ BUSINESS WIRE ])--Robbins Umeda LLP, a [ shareholder rights litigation ] firm, is investigating possible breaches of fiduciary duty and other violations of state law by members of the board of directors of RehabCare Group, Inc. (NYSE: RHB) in connection with their efforts to sell the company to Kindred Healthcare, Inc. (NYSE: KND).
On February 8, 2011, RehabCare and Kindred announced the definitive merger agreement under which Kindred will acquire RehabCare in a cash and stock transaction valued at approximately $35.18 per share. Under the terms of the current agreement, RehabCare shareholders will receive 0.471 newly-issued shares of Kindred plus $26.00 in cash for each share of RehabCare common stock. The merger is expected to close on or about June 30, 2011.
The investigation seeks to determine whether RehabCare's board of directors undertook a fair process to obtain maximum value for its shareholders. In particular, Robbins Umeda is investigating whether this price adequately compensates shareholders in light of RehabCare's bright prospects. For example, on February 8, 2011, RehabCare reported strong quarterly earnings of $0.66 per share that handily that beat analyst estimates of $0.61 per share.
If you own stock in RehabCare and would like more information about your [ rights as a shareholder ], please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at [ info@robbinsumeda.com ].
Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The law firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career [ shareholder rights attorneys ]. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to [ http://www.robbinsumeda.com ].
Attorney Advertising. Past results do not guarantee a similar outcome. We welcome you to [ contact us ] today to discuss your case.
