Thu, Nov 27, 2014, 7:25 PM EST - U.S. Markets closed for Thanksgiving Day

Recent

% | $
Quotes you view appear here for quick access.

Assisted Living Concepts Inc. Message Board

  • sachinshawtheanalyst sachinshawtheanalyst Feb 26, 2013 8:02 AM Flag

    BUYOUT OF ASSISTED LIVING - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS

     

    BUYOUT OF ASSISTED LIVING – LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
    New York, New York (PRNewswire) -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it has been retained to represent shareholders of Assisted Living Concepts, Inc. (NYSE: ALC). It was announced that ALC has entered into a definitive agreement to be acquired by TPG, a private investment firm.
    Under the terms of the agreement, ALC stockholders will receive $12.00 in cash for each share of Class A common stock. In accordance with the ALC charter, based on the Class A per share merger consideration, holders of ALC’s Class B common stock will receive $12.90 in cash per share
    The investigation concerns whether the board of directors of ALC engaged in a full and fair auction for the company obtaining the highest price possible for shareholders while not obtaining personal benefits for themselves in selling to this investment firm at this price. Indeed, the book value alone of ALC is worth at least $12.08 per share (meaning shareholders would get more from a liquidation of the assets rather than through this buyout).

    If you own ALC common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact us toll free at 1-877-772-3975 or email at contact @ tripplevy

    This topic is deleted.
 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Transocean Ltd.
NYSEWed, Nov 26, 2014 4:01 PM EST
W&T Offshore Inc.
NYSEWed, Nov 26, 2014 4:05 PM EST