Ryan & Maniskas, LLP ( www.rmclasslaw.com/cases/lncr) is investigating potential claims against the board of directors of Lincare Holdings Inc. (“Lincare” or the “Company”) (NASDAQ: LNCR) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Lincare to Linde AG in a transaction valued at approximately $4.6 billion. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Lincare. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at email@example.com or visit: www.rmclasslaw.com/cases/lncr. Under the terms of the transaction, Lincare shareholders will receive $41.50 per share of Lincare stock they own. If you own shares of Lincare and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/lncr. You may also email Mr. Maniskas at firstname.lastname@example.org. For more information about class action cases in general, please visit our website: www.rmclasslaw.com. Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
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.