Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Nationwide Health - NHP
03 Março 2011 - 5:24PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Nationwide Health Properties, Inc. (“Nationwide
Health” or the “Company”) (NYSE: NHP) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to Ventas, Inc. (“Ventas”) (NYSE: VTR) for
approximately $5.8 billion in stock. The proposed transaction
offers 0.7866 shares of Ventas for each Nationwide Health share.
Based on closing prices Wednesday, March 2, 2011, the deal valued
Nationwide Health at about $40.89 a share. According to Yahoo!
Finance, at least one financial expert values the Company’s stock
at $45.00 per share.
Request more information now by clicking here:
www.faruqilaw.com/NHP
Whether the Nationwide Health’s Board of Directors breached
their fiduciary duties to Nationwide Health’s stockholders by
failing to conduct an adequate and fair sales process to sell the
Company prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues Nationwide Health’s shares and by
how much this proposed transaction undervalues the Company to the
detriment of Nationwide Health shareholders are the key focus of
this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Nationwide Health and wish to obtain
additional information, please visit us at www.faruqilaw.com/NHP or
contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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