SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Aviv REIT, Inc. And Encourages Investors ...
10 Novembro 2014 - 10:36AM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Aviv REIT, Inc. (“Aviv” or the
“Company”) (NYSE: AVIV) relating to the proposed buyout of the
Company by Omega Healthcare Investors, Inc. (“Omega”).
On October 31, 2014, Aviv and Omega announced the signing of a
definitive agreement pursuant to which Omega will acquire Aviv in a
transaction valued at approximately $3 billion. Under the terms of
the transaction, shareholders of Aviv will receive 0.90 shares of
Omega stock for each share of Aviv common stock that they own.
Based on the closing stock price for Omega on Thursday, October
30th, 2014, this consideration would be equivalent to $34.97 of
Omega stock for each Aviv share. The transaction is expected
to close in the first quarter of 2015, though Aviv shareholders
will most likely be asked to vote on the transaction well before
that time.
The firm’s investigation seeks to determine, among other things,
whether Aviv’s Board of Directors failed to satisfy their duties to
the Company’s shareholders, including whether the board adequately
pursued alternatives to the acquisition and whether the board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of Aviv and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Charles J. PivenBrower Piven, A Professional Corporation1925 Old
Valley RoadStevenson, Maryland 21153Telephone:
410-415-6616hoffman@browerpiven.com
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