SAN DIEGO, June 11, 2018 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Envision Healthcare Corporation (NYSE:
EVHC) ("Envision") breached their fiduciary duties in connection
with the proposed sale of the Company to KKR.
June 11, 2018, Envision announced
that it had signed a definitive merger agreement with KKR. Under
the terms of the agreement, KKR will acquire all of the outstanding
shares of Envision's common stock for $46.00 per share in cash.
The investigation concerns whether the Envision board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Envision
shares of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal represents adequate consideration, especially given
one Wall Street analyst has a $51.00
price target on the stock. The 52-week high for Envision was
$64.00.
If you are a shareholder of Envision and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP