Former United States Securities and Exchange Commission attorney
and the securities litigation firm of
Powers Taylor, LLP
are investigating the sale of
Lincare Holdings, Inc.
(“Lincare” or “LNCR”) (NasdaqGS: LNCR) to Linde AG for shareholders. Under the proposed transaction, Lincare shareholders will only receive $41.50 in cash for each share of Lincare stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at
. There is no cost or fee to you.
Under the terms of the definitive merger agreement, Linde AG will acquire all outstanding shares of Lincare in a cash transaction valued at approximately $4.6 billion. The deal is expected to close in the third quarter.
The investigation centers on whether Lincare shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Lincare stock, and whether Lincare’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. “Due to the lack of a significant premium to the shareholders and other factors, we believe that the transaction may undervalue LNCR stock. Our lawsuit will seek to obtain the highest share price for all shareholders,” said shareholder rights attorney Willie Briscoe.
The Briscoe Law Firm, PLLC
is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP
is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.