BALA CYNWYD, PA / ACCESSWIRE / November 22, 2017 / The law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Almost Family, Inc. ("Almost Family" or the "Company") (NASDAQ:AFAM - News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to LHC Group, Inc. ("LHC Group").
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Under the terms of the transaction, Almost Family shareholders will receive shares of LHC Group stock worth approximately $61 per share for each share of Almost Family stock they own. The investigation concerns whether the Board of Almost Family breached their fiduciary duties to shareholders and whether LHC Group is underpaying for the Company. For example, at least one financial analyst has set a $73 per share price target for Almost Family stock, a value that is at least 16% higher than the proposed merger consideration.
If you own shares of Almost Family 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 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/almost-family-inc-nasdaq-afam/, 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 class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC