Kendall Law Group Investigates Care Investment Trust Inc. Acquisition for Shareholders
22 July 2010 - 2:12AM
Business Wire
Kendall Law Group, a national securities firm led by a former
federal judge and a former U.S. Attorney, is investigating Care
Investment Trust Inc. (NYSE: CRE) for shareholders in connection
with the proposed acquisition by Tiptree Financial Partners, L.P.
The firm’s investigation seeks to determine whether Care and its
Board breached their fiduciary duties by entering into the
agreement without properly shopping for a deal that would provide
better value for shareholders. If you are a Care shareholder and
would like additional information about your rights, contact the
Kendall Law Group at 877-744-3728 or by email at
skendall@kendalllawgroup.com.
On July 15, 2010, Care announced the commencement of a tender
offer to purchase up to 100% of its currently issued and
outstanding common stock at a price of $9.00 per share. The tender
offer by Tiptree was made in connection to a purchase and sale
agreement entered into between Care and Tiptree on March 16, 2010.
Under the terms of the agreement, Tiptree will purchase a minimum
of 4,445,000 shares of Care’s common stock, subject to upward
adjustment based on the outcome of the tender offer. Care stock was
traded for at or near $8.90 from mid-March through mid-May of this
year.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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