Law Office of Brodsky & Smith, LLC Announces Investigation of Assisted Living Concepts, Inc.

Law Office of Brodsky & Smith, LLC Announces Investigation of Assisted Living Concepts, Inc.

BALA CYNWYD, Pa.--(BUSINESS WIRE)-- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Assisted Living Concepts, Inc. (“Assisted Living” or the “Company”) (NYSE: ALC  ) relating to the proposed acquisition by private investment firm TPG (“TPG”).

Under the terms of the transaction, Assisted Living shareholders will receive only $12.00 in cash for each share of Class A Assisted Living stock they own and $12.90 in cash for each share of Class B Assisted Living stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Assisted Living for not acting in the Company’s shareholders' best interests in connection with the sale process to TPG. The transaction may undervalue the Company and will result in a loss for many long term shareholders. For example Assisted Living stock traded at $14.05 as recently as August 2, 2012 and $19.17 on May 3, 2012.

If you own shares of Assisted Living stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/547-alc-assisted-living-concepts-inc.html, by calling toll free 877-LEGAL-90.



Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
877-LEGAL-90
investorrelations@brodsky-smith.com
http://brodsky-smith.com/547-alc-assisted-living-concepts-inc.html

KEYWORDS:   United States  North America  Pennsylvania

INDUSTRY KEYWORDS:

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2289336, ~/Articles/ArticleHandler.aspx, 12/18/2014 6:13:50 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...