Company Website:
http://www.powerstaylor.com
DALLAS -- (Business Wire)
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of Emeritus Corp. (“Emeritus”) (NYSE: ESC) related to the sale
to Brookdale Senior Living for shareholders. Under the terms of the
definitive agreement, valued at approximately $2.8 billion, including
debt, Emeritus shareholders will only receive 0.95 shares of Brookdale
for each Emeritus share owned. The transaction represents an approximate
cash value of $28.59 per share, which is well below the 52-week high of
$30.95 per share as well as an analyst’s estimated value of $31.00 per
share.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at shareholder@powerstaylor.com.
There is no cost or fee to you.
The Emeritus investigation centers on whether Emeritus’s Board of
Directors is acting in the shareholders’ best interests, whether the
board is properly considering the proposed price for the shareholders,
and whether the board has employed an adequate process to review and act
on the proposed transaction. Notably, at least one analyst with Yahoo!
Finance estimates the Company could be worth as high as $31 per share.
The
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Powers
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
Contacts:
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers
Taylor LLP
Patrick Powers, 877-728-9607
shareholder@powerstaylor.com
Source: Powers Taylor LLP
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