Bernstein Liebhard LLP Announces Investigation of Acquisition of Odyssey Healthcare, Inc. by Gentiva Health Services, Inc.
27 Mayo 2010 - 9:57AM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of Odyssey Healthcare, Inc. (“Odyssey Healthcare”)
(Nasdaq: ODSY) breached its fiduciary duty to its shareholders in
agreeing to sell Odyssey Healthcare to Gentiva Health Services,
Inc. (“Gentiva”) (Nasdaq: GTIV).
Under the terms of the agreement, Odyssey Healthcare
shareholders will receive $27 in cash for each share they own,
placing the total value of the transaction at approximately $1
billion. The companies expect to close the deal in the third
quarter of 2010. The investigation is focused on the potential
unfairness of the price to Odyssey Healthcare shareholders and the
process by which the Odyssey Healthcare Board of Directors
considered and approved the transaction.
If you are interested in discussing your rights as an Odyssey
Healthcare shareholder and/or have information relating to the
matter, please contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities and
consumer cases and recovered almost $3 billion for its clients. It
has been named to The National Law Journal’s “Plaintiffs’ Hot List”
in each of the last seven years.
Bernstein Liebhard LLP10 East 40th StreetNew York, New York
10016(877) 779-1414www.bernlieb.com
ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
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