Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Lincare Holdings Inc. (“Lincare” or the “Company”) (NASDAQ GS: LNCR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Linde AG (“Linde”) in a transaction valued at approximately $4.6 billion. Click here to learn more: http://www.rigrodskylong.com/investigations/lincare-holdings-inc-lncr. Under the terms of the proposal, public shareholders of Lincare will receive will receive $41.50 per share in cash for each share of Lincare they own. The investigation concerns whether Lincare’s board of directors failed to adequately shop the Company and obtain the best possible value for Lincare’s shareholders before entering into an agreement with Linde. If you own the common stock of Lincare and purchased your shares before July 2, 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 firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/lincare-holdings-inc-lncr. 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.
The ex-dividend date for Lincare Holdings (Nasdaq:LNCR) is tomorrow, July 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $41.58 as of 9:30 a.m., the dividend yield is 1.9%.
Shares of Lincare Holdings (Nasdaq:LNCR) were gapping up Monday morning with an open price 21.5% higher than Friday's closing price. The stock closed at $34.02 yesterday and opened today's trading at $41.33.