Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Emeritus Corporation (“Emeritus” or the “Company”) (NYSE: ESC) relating to the proposed acquisition by Brookdale Senior Living, Inc. (“Brookdale”).
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Under the terms of the transaction, Emeritus shareholders will receive only 0.95 shares of Brookdale common stock for each share of Emeritus stock they own. The transaction values Emeritus stock at approximately $28.41 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Emeritus for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as Emeritus stock traded at $30.56 per share as recently as March 11, 2013 and an analyst has set a $36.00 per share price target on Emeritus stock.
If you own shares of Emeritus common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/725-esc-emeritus-corporation.html, or calling toll free 877-LEGAL-90.Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.