Bernstein Liebhard LLP is investigating whether the Board of Directors of Odyssey Healthcare, Inc. (“Odyssey Healthcare”) (Nasdaq: ODSY) breached its fiduciary duty to its shareholders in agreeing to sell Odyssey Healthcare to Gentiva Health Services, Inc. (“Gentiva”) (Nasdaq: GTIV).
Under the terms of the agreement, Odyssey Healthcare shareholders will receive $27 in cash for each share they own, placing the total value of the transaction at approximately $1 billion. The companies expect to close the deal in the third quarter of 2010. The investigation is focused on the potential unfairness of the price to Odyssey Healthcare shareholders and the process by which the Odyssey Healthcare Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as an Odyssey Healthcare shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities and consumer cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last seven years.Bernstein Liebhard LLP10 East 40th StreetNew York, New York 10016(877) 779-1414 www.bernlieb.com ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.