NEW YORK, Nov. 17, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Almost Family, Inc.
("AFAM" or the "Company") (NASDAQ: AFAM) in connection with the
proposed acquisition of the Company by the LHC Group Inc. ("LHCG")
(NASDAQ: LHCG). Under the terms of the acquisition agreement,
the Company's shareholders will receive 0.9150 of a share of LHCG
for each AFAM share they hold, representing consideration of
$60.87 per AFAM share based on LHCG's
November 16 trading price.
WeissLaw is investigating whether AFAM's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, AFAM shares traded for $62.95, or $2.08
above the per-share consideration as recently as June of this
year. Further, the Company recently announced positive
financial results. It reported net service revenues of
approximately $200.7 million in the
second quarter of 2017, representing an impressive 28.7%
year-over-year increase when compared to the figures reported in
the same period of the previous year.
Given these facts, WeissLaw is investigating whether AFAM's
shareholders will obtain their fair and proportionate share of the
Company's continued success and future growth prospects. If
you own AFAM shares and would like more information about your
rights or our investigation, or if you have information to share
with us, please contact Joshua
Rubin by telephone at (888) 593-4771 or by
email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our
website, http://www.weisslawllp.com/almost-family-inc/
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SOURCE WeissLaw LLP