Rigrodsky & Long, P.A. Announces Investigation Of Sun Healthcare Group, Inc. Buyout
Published on Monday, 25 June 2012 20:05 Written by TradersHuddle StaffWILMINGTON, Del.-( Business Wire )-
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Sun Healthcare Group, Inc. (“Sun Healthcare” or the “Company”) (NASDAQ GS: SUNH) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Genesis HealthCare (“Genesis”) in a transaction valued at approximately $275 million, including debt.
Click here to learn more: http://www.rigrodskylong.com/investigations/sun-healthcare-group-inc-sunh.
Under the terms of the proposal, public shareholders of Sun Healthcare will receive $8.50 per share in cash for each share of Sun Healthcare they own.
The investigation concerns whether Sun Healthcare’s board of directors failed to adequately shop the Company and obtain the best possible price for Sun Healthcare’s shareholders before entering into an agreement with Genesis.
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.
Rigrodsky & Long, P.A.Peter Allocco888-969-4242516-683-3516Fax: email@example.com://www.rigrodskylong.com
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