The Law Office Of Abe Shainberg Launches An Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of RehabCare Group, Inc. In Connection With The Sale Of The Company To Kindred Healthcare, Inc. - RHB
The Law Office of Abe Shainberg is investigating the Board of Directors
of RehabCare Group, Inc.
The Law Office of Abe Shainberg 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 transaction, RehabCare shareholders will receive $26 in cash and 0.471 shares in Kindred Healthcare common stock per share of RehabCare. The transaction 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 Abe Shainberg, Esq. either via email at email@example.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/rehabcare-rhb.html. Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. 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..