EMERITUS INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Emeritus (ESC) Corp. Over the Proposed Sale of the Company to Brookdale Senior Living Inc. (BKD)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Emeritus Corp. (“Emeritus” or the “Company”) (NYSE: ESC) for potential breaches of fiduciary duties in connection with the sale of the Company to Brookdale Senior Living for approximately $1.4 billion. The Company’s stockholders will only receive 0.95 shares of Brookdale for each share of Emeritus common stock they own.
The investigation focuses on whether Emeritus’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Emeritus’s shareholders.
If you own common stock in Emeritus and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.