NEW YORK, July 9, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Lincare Holdings Inc. ("Lincare" or the "Company") (Nasdaq: LNCR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Linde AG (FWB: LIN). Click here to learn how to join the action: http://zlk.9nl.com/lincare-holdings-lncr, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, Lincare shareholders will receive $41.50 per share of Lincare stock they own. The transaction has a total approximate value of $4.6 billion. The investigation concerns whether the Lincare Board of Directors breached their fiduciary duties to Lincare stockholders by failing to adequately shop the Company before entering into this transaction and whether Linde AG is underpaying for Lincare shares, thus unlawfully harming Lincare stockholders. If you own common stock in Lincare and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/lincare-holdings-lncr. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP
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.