WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Assisted Living Concepts, Inc. (NYSE: ALC)?
- Did you purchase any of your shares prior to February 26, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Assisted Living Concepts, Inc. (“ALC” or the “Company”) (NYSE: ALC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by TPG (“TPG”), a global investment firm, in a transaction valued at approximately $278 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/assisted-living-concepts-inc-alc-2.
Under the terms of the proposal, public shareholders of ALC will receive $12.00 in cash for each share of ALC’s Class A common stock they own, and $12.90 in cash for each share of ALC’s Class B common stock they own.
The investigation concerns whether ALC’s board of directors failed to adequately shop the Company and obtain the best possible value for ALC’s shareholders before entering into an agreement with TPG.
If you own the common stock of ALC and purchased your shares before February 26, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/assisted-living-concepts-inc-alc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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