The Law Office of Joseph Klein is investigating the Board of Directors of RehabCare Group, Inc. (NYSE: RHB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kindred Healthcare, Inc. (NYSE: KND). Under the terms of the proposed transaction, RehabCare shareholders will receive $26 in cash and 0.471 shares in Kindred Healthcare common stock per share, which values RehabCare stock at approximately $35.18 per share for a total transaction value of approximately $1.3 billion, including the assumption of debt. The investigation concerns whether the RehabCare Board of Directors breached their fiduciary duties to RehabCare stockholders by failing to adequately shop the Company before entering into this transaction and whether Kindred Healthcare is underpaying for RehabCare shares. If you own common stock in RehabCare and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at email@example.com, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www.jkleinlawfirm.com/rehabcare-group.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. Attorney advertising. Prior results do not guarantee similar outcomes.
RehabCare Group (NYSE:RHB) hit a new 52-week high Tuesday as it is currently trading at $38.19, above its previous 52-week high of $37.85 with 15,922 shares traded as of 9:36 a.m. ET. Average volume has been 540,600 shares over the past 30 days.
RehabCare Group (NYSE:RHB) hit a new 52-week high Tuesday as it changed hands at $37.69 compared with its previous 52-week high of $37.61. RehabCare Group is currently trading at $37.68 with 58,735 shares changing hands as of 10:17 a.m..