Kendall Law Group Investigates Odyssey HealthCare, Inc. Merger for Shareholders
24 Mayo 2010 - 12:52PM
Business Wire
Kendall Law Group, a national securities firm, is investigating
Odyssey HealthCare, Inc. (NASDAQ:ODSY) for shareholders in
connection with the proposed sale of Odyssey HealthCare to Gentiva
Health Services, Inc. The firm’s investigation seeks to determine
whether Odyssey HealthCare and its Board breached their fiduciary
duties by entering into the agreement without properly shopping for
a deal that would provide better value for shareholders. If you are
an Odyssey HealthCare shareholder and would like additional
information about your rights, contact the Kendall Law Group at
877-744-3728 or by email at skendall@kendalllawgroup.com.
The companies announced on May 24, 2010 that they had entered
into an agreement for Odyssey to be acquired by Gentiva for
approximately $1 billion. According to the agreement, Odyssey will
be acquired in an all cash transaction for a price of $27 per share
of common stock. Odyssey has received mostly positive analyst
opinions since 2005, with a notable upgrade to “buy” from Zacks
Investment Research due to “soaring estimates” after the report of
a “fifth consecutive earnings surprise.” The firm’s investigation
concerns the process the Board of Odyssey HealthCare undertook in
entering into the merger agreement and to determine if the
agreement properly values the stock for shareholders.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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