Brower Piven Announces an Investigation of the Acquisition of Dialysis Corporation of America by U.S. Renal Care, Inc.
11 Mai 2010 - 6:13PM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Dialysis Corporation of America (“DCA”) (Nasdaq: DCAI) in
connection with their actions in causing DCA to enter into a merger
agreement with U.S. Renal Care, Inc. and its wholly-owned
subsidiary Urchin Merger Sub, Inc. (“collectively, USRC”). The
proposed transaction is valued at approximately $112 million.
Under the terms of the definitive merger agreement entered into
by the parties, USRC, will commence a tender offer for all of the
outstanding common shares of DCA for $11.25 per share in cash,
followed by a merger to acquire all remaining outstanding DCA
shares at the same cash price paid in the tender offer. USRC
expects to commence the tender offer promptly, and anticipates the
transaction will close in May 2010. The investigation concerns
possible breaches of fiduciary duty and other violations of law
related to approval of the transaction by DCA’s board of
directors.
If you purchased and continue to own shares of Dialysis
Corporation of America and would like to learn more about the
investigation being conducted by Brower Piven, you may e-mail or
call Brower Piven, who will, without obligation or cost to you,
attempt to answer your questions. You may contact Brower Piven by
email at piven@browerpiven.com, by calling 410/415-6616, or at
Brower Piven, A Professional Corporation, 1925 Old Valley Road,
Stevenson, Maryland 21153. Attorneys at Brower Piven have combined
experience litigating securities and other class action cases of
over 40 years.
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