The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Emergency ...
15 February 2011 - 9:18AM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Emergency Medical Services Corporation (NYSE: EMS) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Clayton, Dubilier
& Rice, LLC a private equity investment firm. Under the terms
of the transaction, EMS shareholders will receive $64 in cash per
for a total transaction value of approximately $3.0 billion.
The investigation concerns whether the EMS Board of Directors
breached their fiduciary duties to EMS stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Clayton, Dubilier & Rice is underpaying for EMS
shares. EMS stock traded as high as $70.94 as recently as February
10, 2011 and, according to Yahoo! Finance, at least one analyst set
a price target for EMS stock at $76 per share.
If you own common stock in EMS 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/emergency-services-corporation.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.
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