Brower Piven Announces an Investigation of the Acquisition of Emergency Medical Services Corp. by Clayton Dubilier & Rice, LLC
15 February 2011 - 5:18AM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of Emergency Medical Services Corp.
(“E.M.S.”) (NYSE: EMS) and other violations of state law by the
Board of Directors of E.M.S. relating to the proposed acquisition
of the company by Clayton, Dubilier & Rice, LLC (CD&R). The
firm’s investigation seeks to determine whether E.M.S. and its
Board breached their fiduciary duties by failing to maximize
shareholder value.
On February 14, 2011, E.M.S. and CD&R jointly announced that
they had entered into a definitive merger agreement for E.M.S. to
be acquired by CD&R. Under the terms of the agreement, each
stockholder of E.M.S. common stock will receive $64 per share in
cash. This price represents a 9.4% discount of E.M.S.’s closing
stock price on February, 11, 2011 of $70.66. The deal is valued at
$3.2 billion.
If you currently own shares of E.M.S. and would like to learn
more about the investigation being conducted by Brower Piven, you
may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling
410/415-6616, or at Brower Piven, A Professional Corporation, 1925
Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower
Piven have combined experience litigating securities and other
class action cases of over 60 years.
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