Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Emeritus Corp. (“Emeritus”) (NYSE: ESC) related to the sale to Brookdale Senior Living for shareholders. Under the terms of the definitive agreement, valued at approximately $2.8 billion, including debt, Emeritus shareholders will only receive 0.95 shares of Brookdale for each Emeritus share owned. The transaction represents an approximate cash value of $28.59 per share, which is well below the 52-week high of $30.95 per share as well as an analyst’s estimated value of $31.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com , or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
The Emeritus investigation centers on whether Emeritus’s Board of Directors is acting in the shareholders’ best interests, whether the board is properly considering the proposed price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance estimates the Company could be worth as high as $31 per share.
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.