The Law Office Of Joseph Klein Announces Investigation Of Possible Breach Of Fiduciary Duty By The Board Of Prospect Medical Holdings, Inc. In Connection With Going Private Transaction With Leonard Green & Partners, L.P. - PZZ
The Law Office of Joseph Klein is investigating the Board of Directors of Prospect Medical Holdings, Inc. (NasdaqGM: PZZ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an entity sponsored by Leonard Green & Partners, L.P. in which certain stockholders of Prospect will also participate. Concerned shareholders should contact Joseph Klein directly at firstname.lastname@example.org, or toll-free at: (877) STOK-180 (877-786-5180).
Under the terms of the deal, Prospect shareholders will receive $8.50 in cash per share for a total transaction value of approximately $363 million, including assumed debt. Some directors and officers of Prospect that currently own nearly 50% of Prospect’s outstanding shares have entered into a agreement in which they have agreed to vote all of their shares in favor of the transaction and have also agreed to exchange approximately 6.2 million of their Prospect shares for equity interests in the sponsored purchasing entity in lieu of their receipt of the cash merger consideration for those shares.
At least one analyst set a price target for Prospect stock of $16.20 per share. The investigation concerns whether the Prospect Board of Directors breached their fiduciary duties to Prospect stockholders by failing to adequately shop the Company before entering into this transaction and whether Prospect stockholders are getting fair value for their shares.
If you own shares of Prospect and wish to obtain additional information about this investigation, please contact Joseph Klein, Esq. directly, via email at email@example.com, by telephone Toll Free: 877-STOK-180 (877-786-5180), or visit http://www.jkleinlawfirm.com/prospect-medical.html.Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV