San Diego, CA -- (SBWIRE) -- 02/27/2013 -- An investigation on behalf of investors in Assisted Living Concepts, Inc. (NYSE:ALC) shares was announced concerning whether the offer by private investment firm TPG to acquire Assisted Living Concepts, Inc. for $12, respectively $12.90, per NYSE:ALC shares and the takeover process are unfair to investors in Assisted Living Concepts shares.

Investors who purchased shares of Assisted Living Concepts, Inc. (NYSE:ALC) prior to February 26, 2013, and currently hold any of those NYSE:ALC shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Assisted Living Concepts, Inc. breached their fiduciary duties owed to NYSE:ALC investors in connection with the proposed acquisition.

On February 26, 2013, Assisted Living Concepts, Inc. announced that it has entered into an agreement to be acquired by TPG. Under the terms of the agreement, ALC stockholders will receive $12.00 in cash for each share of Class A common stock. In accordance with the ALC charter, based on the Class A per share merger consideration, holders of ALC’s Class B common stock will receive $12.90 in cash per share.

However, given that NYSE:ALC shares traded as recently as May 3, 2012 as high as $19.17 per share, the investigation a law firm concerns whether the proposed transaction is unfair to NYSE:ALC stockholders.

Assisted Living Concepts’ financial performance improved lately. For instance, it reported that its annual Total Revenue rose from $228.72 million in 2009 to $234.45 million in 2011 and its Net Loss of $0.15 million in 2009 turned into a Net Income of $24.36 million in 2011. Furthermore, shares of Assisted Living Concepts, Inc. grew since its 2:1 split on June 16, 2011 significantly. In fact, NYSE:ALC grew from slightly under $12 in September 2011 to over $19 in May 2012.

Therefore, the investigation focuses on whether the Assisted Living Concepts 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.

Those who are current investors in Assisted Living Concepts, Inc. (NYSE:ALC), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com