National Home Health Care Corp. Rejects Premier Proposal
28 February 2007 - 5:15AM
Business Wire
National Home Health Care Corp. (NASDAQ: NHHC), a provider of home
health care and staffing services in the Northeast, today reported
that the Special Committee of its Board of Directors met on Monday,
February 26, 2007 and recommended unanimously to the Board of
Directors that since the previously announced proposal by Premier
Home Health Care Services, Inc. remains conditional, it was not a
Superior Proposal within the meaning of the Agreement and Plan of
Merger between NHHC and affiliates of Angelo Gordon & Co. and
therefore should be rejected. NHHC�s Board of Directors unanimously
accepted the recommendation of the Special Committee.
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