Levi & Korsinsky is investigating the Board of Directors of Psychiatric Solutions, Inc. (“Psychiatric Solutions” or the “Company”) (NasdaqGS: PSYS) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Universal Health Services, Inc. ("UHS") (NYSE: UHS). Under the terms of the transaction, Psychiatric Solutions shareholders will receive $33.75 in cash for each Psychiatric Solutions share of common stock they own for a total transaction value of approximately $3.1 billion, including the assumption of debt.

For the quarter ending March 31, 2010, Psychiatric Solutions reported total revenue of $475.956 million and net income of $28.213 million as compared to total revenue and net income of $456.827 million and $27.675 million, respectively, for the prior quarter. The investigation concerns whether the Psychiatric Solutions Board of Directors breached their fiduciary duties to Psychiatric Solutions stockholders by failing to adequately shop the Company before entering into this transaction and whether UHS is underpaying for Psychiatric Solutions shares, thus unlawfully harming Psychiatric Solutions stockholders. In particular, the offer price is only a nominal premium to the $33.00 share price Psychiatric Solutions stock traded as recently as May 6, 2010 and at least one analyst set a price target for Psychiatric Solutions stock at $34.00 per share.

If you own common stock in Psychiatric Solutions and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500 or visit http://www.zlk.com/psychiatric-solutions-psys.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Psychiatric Solutions, Inc. (MM) (NASDAQ:PSYS)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Psychiatric Solutions, Inc. (MM).
Psychiatric Solutions, Inc. (MM) (NASDAQ:PSYS)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Psychiatric Solutions, Inc. (MM).