An investigation on behalf of investors of Envision Healthcare Holdings Inc (NYSE:EVHC) in connection with the proposed takeover was announced and NYSE:EVHC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/22/2016 -- An investigation for investors, who currently hold shares of Envision Healthcare Holdings Inc (NYSE:EVHC), was announced over possible wrongdoing in the takeover of Envision Healthcare Holdings by AMSURG Corp.
Investors who purchased shares of Envision Healthcare Holdings Inc (NYSE:EVHC) and currently hold any of those NYSE:EVHC shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Envision Healthcare Holdings Inc breached their fiduciary duties owed to NYSE:EVHC investors in connection with the proposed acquisition.
On June 15, 2016, Envision Healthcare Holdings Inc and AMSURG Corp. announced that they have signed a merger agreement pursuant to which the companies will combine in an all-stock transaction at a fixed exchange ratio of 0.334 AMSURG shares per Envision share, or at an approximately value of $26.21 per NYSE:EVHC shares.
However, given that at least one analyst has set the high target price for NYSE:EVHC shares at $36.00 per share and given that NYSE:EVHC shares traded as recently as June 9, 2016 in the open market as high as $28.47 per share, the investigation concerns whether the offer is unfair to NYSE:EVHC stockholders. More specifically, the investigation concerns whether the Envision Healthcare Holdings Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On June 21, 2016, NYSE:EVHC shares closed at $26.56 per share.
Those who are current investors in Envision Healthcare Holdings Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego