Business & Finance
Business and Finance
Business and Finance
Mon, February 28, 2011 The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Nation
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Nationwide Health Properties (aNHPa or the aCompanya) (NYSE: NHP) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Ventas, Inc. (aVentasa) (NYSE: VTR). Under the terms of the agreement, NHP stockholders will receive 0.7866 Ventas shares for each share of NHP common stock they own, representing a value of $44.99 per share, based on the prior closing price of Ventas stock. The transaction has a total value of $7.4 billion.
Click here to learn more about the investigation: [ http://www.zlk.com/nationwide-health-nhp.html ], or call: 877-363-5972.
The investigation concerns whether the NHP Board of Directors breached their fiduciary duties to NHP stockholders by failing to adequately shop the Company before entering into this transaction and whether Ventas is underpaying for NHP shares, thus unlawfully harming NHP stockholders.
If you own common stock in NHP 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, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/nationwide-health-nhp.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. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
