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DHC STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF DIVERSIFIED HEALTHCARE TRUST IS FAIR TO SHAREHOLDERS
April 11, 2023.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Diversified Healthcare Trust (NASDAQ: DHC) to Office Properties Income Trust for 0.147 shares of Office Properties for each common share of Diversified Healthcare is fair to Diversified Healthcare shareholders. Upon closing of the proposed transaction, Diversified Healthcare shareholders will own approximately 42% of the combined company.
The investigation concerns whether Diversified 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 Diversified Healthcare shareholders; (2) determine whether Office Properties is underpaying for Diversified Healthcare; and (3) disclose all material information necessary for Diversified Healthcare shareholders to adequately assess and value the merger consideration. On behalf of Diversified Healthcare shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC 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.
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Date of signing: June 04, 2023