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The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Nationwide H

^{Published on 2011-03-02 16:50:26 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of Nationwide Health Properties (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. (NYSE: VTR). Under the terms of the proposed transaction NHP stockholders will receive 0.7866 Ventas shares per share of NHP common stock representing a value of $44.99 per share, or a total transaction value of approximately $7.4 billion.

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.

If you own common stock in NHP and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/nationwide-health-properties.html ].

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.