Shareholders Foundation, Inc.

Aviv REIT Inc (NYSE:AVIV) Investor Alert: Investigation of Takeover by Omega Healthcare Investors, Inc

An investigation on behalf of investors of Aviv REIT Inc (NYSE:AVIV) in connection with the proposed takeover was announced and NYSE:AVIV stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 11/05/2014 -- An investigation on behalf of investors, who currently hold shares of Aviv REIT Inc (NYSE:AVIV), was announced concerning whether the takeover of Aviv REIT Inc by Omega Healthcare Investors, Inc for a value of approximately $34.97 per share is unfair to NYSE:AVIV stockholders.

Investors who purchased shares of Aviv REIT Inc (NYSE:AVIV) and currently hold any of those NYSE:AVIV shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Aviv REIT Inc breached their fiduciary duties owed to NYSE:AVIV investors in connection with the proposed acquisition.

On October 31, 2014, Omega Healthcare Investors, Inc. (NYSE: OHI) and Aviv REIT Inc (NYSE:AVIV) announced that the Boards of Directors of both companies have approved an agreement under which Omega Healthcare Investors, Inc will acquire all of the outstanding shares of Aviv in a stock-for-stock merger. The transaction values Aviv REIT Inc (NYSE:AVIV) at $3.0 billion. Under the terms of the agreement, Aviv REIT Inc (NYSE:AVIV) shareholders will receive a fixed exchange ratio of 0.90 Omega shares for each share of Aviv REIT Inc (NYSE:AVIV) common stock they own. Based on the closing stock price for Omega on Thursday, October 30th, 2014, this consideration would be equivalent to $34.97 of Omega stock for each NYSE:AVIV share.

However, the investigation concerns whether the offer is unfair to NYSE:AVIV stockholders. More specifically, the investigation concerns whether the Aviv REIT 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.

Aviv REIT Inc reported that its annual Total Revenue rose from $126.97 million in 2012 to $141.07 million in 2013 and that its Net Income increased from $5.14 million in 2012 to $17.06 million. Shares of Aviv REIT Inc (NYSE:AVIV) grew from $22.05 per share in September 2013 to as high as $29.93 per share on October 30, 2014.

On November 3, 2014, NYSE:AVIV shares closed at $33.82 per share.

Those who are current investors in Aviv REIT Inc (NYSE:AVIV) shares have certain options and should contact the Shareholders Foundation.

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