Shareholder rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of Skilled Healthcare
Group, Inc. (NYSE: SKH) breached their fiduciary duties in connection
with the proposed merger of the Company with Genesis HealthCare.
Skilled Healthcare owns and operates skilled nursing facilities,
assisted living facilities, hospices, home health providers and a
rehabilitation therapy business.
On August 18, 2014, Skilled Health announced it had signed a definitive
agreement to combine with Genesis HealthCare. Under the terms of the
merger agreement Skilled Healthcare shareholders will collectively own
25.75% of the vote and value of the fully-diluted equity of the combined
Company. Genesis HealthCare shareholders will own the othr 74.25%. The
combined Company will operate under the Genesis HealthCare name and will
be traded on the NYSE.
Robert Fish, Skilled Healthcare's CEO, was formerly the CEO of Genesis.
Mr. Fish has change of control provisions in his employment agreement.
As of December 31, 2013 acceleration of equity awards was valued at
$3,848,000 in the event of a change in control.
If you are a shareholder of Skilled Healthcare and believe (1) the
proposed buyout price is too low or (2) the merger benefits management
more than the shareholders, and (3) you're interested in learning more
about the investigation or your legal rights and remedies, please
contact lead analyst Jim Baker (firstname.lastname@example.org)
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
[ Back To NFVZone's Homepage ]