OMNICARE ALERT: Johnson & Weaver, LLP Investigates the Fairness of Price & Process in Proposed Sale of Omnicare, Inc. & Encou...
21 Mai 2015 - 2:22PM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating whether members of the board of directors of
Omnicare, Inc. (NYSE: OCR) breached their fiduciary duties in
connection with the planned merger of the Company with CVS Health
Corporation. Omnicare operates as a healthcare services company
that specializes in the management of pharmaceutical care in the
United States.
On May 21, 2015, Omnicare and CVS Health announced that they had
entered into a definitive merger agreement. Under the terms of the
agreement, Omnicare shareholders will receive $98.00 per share in
cash for each common share held. The transaction is expected to
close near the end of 2015, subject to regulatory approval.
The investigation concerns whether Omnicare’s board failed to
satisfy their duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Omnicare’s
shares of common stock. One Wall Street analyst has a $104.00
price target on Omnicare stock which is more than the $98.00 offer
price.
If you are a shareholder of Omnicare and believe that the
proposed buyout price is too low and you are interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150521005660/en/
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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