Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Sunrise Senior Living, Inc. (“Sunrise” or the “Company”) (NYSE: SRZ) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Health Care REIT, Inc. (“Health Care REIT”) (NYSE: HCN) in a transaction valued at approximately $845 million.
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Under the terms of the proposal, public shareholders of Sunrise will receive $14.50 per share in cash for each share of Sunrise they own.
The investigation concerns whether Sunrise’s board of directors failed to adequately shop the Company and obtain the best possible value for Sunrise’s shareholders before entering into an agreement with Health Care REIT.If you own the common stock of Sunrise and purchased your shares before August 22, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/sunrise-senior-living-inc-srz. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.