Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Emeritus Corporation Shareholders
NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against the Board of Directors of Emeritus Corporation (“Emeritus” or the “Company”) (NYSE: ESC) concerning the proposed acquisition of the Company by Brookdale Senior Living Inc. (“Brookdale”) (NYSE: BKD). Under the terms of the definitive merger agreement, Emeritus shareholders will receive 0.95 shares of Brookdale common stock for each share of Emeritus owned, valuing the transaction at approximately $2.8 billion, with the inclusion of $1.4 billion of Emeritus’ mortgage debt.
The investigation concerns whether the Emeritus Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values Emeritus’ common stock.
If you are an Emeritus shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.