|By PR Newswire||
|August 20, 2014 07:03 PM EDT||
BALA CYNWYD, Pa., Aug. 20, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Skilled Healthcare Group, Inc. ("Skilled Healthcare" or the "Company") (NYSE –SKH-News) relating to the proposed merger with Genesis HealthCare ("Genesis").
Click here to learn more about the investigation http://brodsky-smith.com/809-skh-skilled-healthcare-group-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Skilled Healthcare shareholders will collectively own only 25.75% of the vote and value of the fully-diluted equity of the combined Company. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Skilled Healthcare for not acting in the Company's shareholders' best interests in connection with the sale process.
The transaction may undervalue the Company as one analyst has estimated that the value of Skilled Healthcare shares following the merger could be as low as $7.00 per share. However, it is difficult to ascribe a value as there is no direct purchase price and Genesis has limited historical data. In addition, the investigation seeks to determine if conflicts of interest played a role in the transaction. Skilled Healthcare's CEO was the former CEO of Genesis and it has been reported that he has a change of control provision in his employment contract valued at $3,848,000 in the event of a change in control.
If you own shares of Skilled Healthcare stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/809-skh-skilled-healthcare-group-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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