Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Skilled Healthcare
Group, Inc. (“Skilled Healthcare” or the “Company”) (NYSE: SKH) relating
to the proposed merger with Genesis HealthCare (“Genesis”).
Click here to learn more about the investigation http://brodsky-smith.com/809-skh-skilled-healthcare-group-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Skilled Healthcare shareholders will
collectively own only 25.75% of the vote and value of the fully-diluted
equity of the combined Company. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of Skilled Healthcare for not acting in the Company’s
shareholders' best interests in connection with the sale process.
The transaction may undervalue the Company as one analyst has estimated
that the value of Skilled Healthcare shares following the merger could
be as low as $7.00 per share. However, it is difficult to ascribe a
value as there is no direct purchase price and Genesis has limited
historical data. In addition, the investigation seeks to determine if
conflicts of interest played a role in the transaction. Skilled
Healthcare’s CEO was the former CEO of Genesis and it has been reported
that he has a change of control provision in his employment contract
valued at $3,848,000 in the event of a change in control.
If you own shares of Skilled Healthcare stock and wish to discuss the
legal ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may
contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky &
Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail
by visiting http://brodsky-smith.com/809-skh-skilled-healthcare-group-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and successfully recovered millions of dollars for our clients
and shareholders. Attorney advertising. Prior results do not guarantee a
Copyright Business Wire 2014