FARUQI & FARUQI, LLP IS SEEKING MORE CASH FOR THE SHAREHOLDERS OF SUNRISE SENIOR LIVING, INC. (SRZ)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Sunrise Senior Living, Inc. (“Sunrise” or the “Company”) (NYSE: SRZ) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Health Care REIT, Inc. (NYSE: HCN) in an all-cash deal valued at approximately $1.9 billion, of which about $950 million will be paid in cash and the balance through assumption of debt. Under the terms of the proposed transaction, Sunrise’s stockholders will receive $14.50 in cash for each Sunrise share they own.
Whether Sunrise’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 Sunrise’s shares and by how much this proposed transaction undervalues the Company to the detriment of Sunrise’s shareholders are the key focus of this investigation.
If you own common stock in Sunrise 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.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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