Diversicare Healthcare Services, Inc.
If you purchased Diversicare Healthcare Services, Inc. securities and would like to join the action, please click "Join This Action" below.
DIVERSICARE HEALTHCARE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF DIVERSICARE HEALTHCARE SERVICES, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – DVCR
September 13, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Diversicare Healthcare Services, Inc. (OTCQX: DVCR) to DAC Acquisition LLC for $10.10 per share in cash is fair to Diversicare Healthcare shareholders.
The investigation concerns whether Diversicare Healthcare and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Diversicare Healthcare shareholders; (2) determine whether DAC Acquisition is underpaying for Diversicare Healthcare; and (3) disclose all material information necessary for Diversicare Healthcare shareholders to adequately assess and value the merger consideration. On behalf of Diversicare Healthcare shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.