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
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Bernstein Liebhard LLP10 East 40th StreetNew York, New York 10016(877) 779-1414
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