INVESTOR ALERT: Faruqi & Faruqi, LLP is Investigating the Acquisition of Sun Healthcare Group, Inc. (SUNH)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Sun Healthcare Group, Inc. (“Sun Healthcare” or the “Company”) (NASDAQ: SUNH) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Genesis HealthCare LLC in an all-cash deal valued at approximately $275 million. Under the terms of the proposed transaction, Sun Healthcare stockholders will receive $8.50 in cash for each share of Sun Healthcare common stock they own.
Whether Sun Healthcare’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Sun Healthcare’s shares and by how much this proposed transaction undervalues the Company to the detriment of Sun Healthcare’s shareholders are the key focus of this investigation.
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information at no cost to you on how to join the Class Action.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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