NEW YORK, Jan. 9, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of
MedEquities Realty Trust, Inc. ("MRT" or the "Company") (NYSE: MRT)
in connection with the proposed acquisition of the Company by Omega
Healthcare Investors Inc. ("OHI"). Under the terms of the
acquisition agreement, shareholders will be entitled to receive
0.235 shares of OHI and $2.00 in cash
for each MRT share they own. This represents consideration of
$9.97 per MRT share, based on OHI's
closing price of $33.95 on
January 2, the day of the acquisition
announcement.
If you own MRT shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)
593-4771
stockinfo@weisslawllp.com
Visit our
website
http://www.weisslawllp.com/medequities-realty-trust-inc/
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WeissLaw is investigating whether MRT's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $12.00 per MRT share. In addition, prior to
the acquisition announcement, MRT shares traded for $11.85 per share, or nearly $2.00 above the per-share
consideration.
Moreover, the acquisition will expand and diversify OHI's
portfolio to include new high quality assets types from MRT's
portfolio that, according to OHI's CEO, which will "provide [OHI]
with meaningful growth opportunities."
Given these facts, WeissLaw is concentrating its investigation
on whether MRT's Board conducted a fair process in agreeing to the
proposed acquisition, whether the proposed acquisition undervalues
the Company, and whether all material information related to the
proposed acquisition is fully and fairly disclosed.
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
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SOURCE WeissLaw LLP