NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky commenced an investigation the Board of Directors of Emeritus Corp. (“Emeritus” or “the Company”) (NYSE: ESC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Brookdale Senior Living Inc. (“Brookdale”) (NYSE: BKD).
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Under the terms of the transaction, Emeritus shareholders will receive 0.95 shares of Brookdale common stock for each share of Emeritus stock they own. The deal has a total approximate value of $2.8 billion, including the assumption of debt. The investigation concerns whether the Emeritus Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Brookdale is underpaying for Emeritus shares.
If you own Emeritus common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/emeritus-esc.
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