SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Lincare Holdings Inc. in Connection With the Sale of the Company to Linde AG
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 07/13/12 -- Levi & Korsinsky notifies investors of Lincare Holdings Inc. ("Lincare" or the "Company") (NASDAQ: LNCR) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Linde AG (FRANKFURT: LIN). A complaint was filed in Florida state court.
Under the terms of the transaction, Lincare shareholders will receive $41.50 per share of Lincare stock they own. The transaction has a total approximate value of $4.6 billion. The claims concern whether the Lincare Board of Directors breached their fiduciary duties to Lincare stockholders by failing to adequately shop the Company before entering into this transaction and whether Linde AG is underpaying for Lincare shares, thus unlawfully harming Lincare stockholders.
If you own common stock in Lincare and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or .
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 13.07.2012 - 10:45 Uhr
Sprache: Deutsch
News-ID 1132957
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