An investigation on behalf of investors of LifePoint Health, Inc. (NASDAQ: LPNT) in connection with the proposed takeover was announced and NASDAQ: LPNT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/24/2018 -- The acquisition of LifePoint Health, Inc. is under investigation over possible wrongdoing.
Investors who purchased shares of LifePoint Health, Inc. (NASDAQ: LPNT) and currently hold any of those NASDAQ: LPNT 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 LifePoint Health, Inc. breached their fiduciary duties owed to NASDAQ: LPNT investors in connection with the proposed acquisition.
Brentwood, TN based LifePoint Health, Inc., through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities in the United States.
On July 23, 2018, LifePoint Health, Inc. (NASDAQ: LPNT) and RCCH HealthCare Partners, which is owned by certain funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, "Apollo"), announced that they have entered into an agreement to merge. Upon closing of the transaction, LifePoint shareholders will receive $65.00 per share in cash for each share of LifePoint common stock they own, resulting in a LifePoint enterprise value of approximately $5.6 billion, including $2.9 billion of net debt and minority interest.
However, the investigation concerns whether the offer is unfair to NASDAQ: LPNT stockholders. More specifically, the investigation concerns whether the LifePoint Health 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.
Shares of LifePoint Health, Inc. (NASDAQ: LPNT) closed on July 23, 2017 at $64.90 per share.
Those who are current investors in LifePoint Health, Inc. (NASDAQ: LPNT) 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