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EMS Emergency Medical Services Corp

63.97
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Emergency Medical Services Corp NYSE:EMS NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 63.97 0.00 01:00:00

Emergency Services Corp. Shareholder Investigation by Briscoe Law Firm Concerning Acquisition by Clayton, Dubilier & Rice, LLC

14/02/2011 3:09pm

Business Wire


Emergency medical (NYSE:EMS)
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The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Emergency Services Corporation (“Emergency Services” or “EMS”) (NYSE: EMS) related to the proposed sale of the company to an affiliate of Clayton, Dubilier & Rice, LLC. The definitive merger agreement, which was announced on February 14, 2011, involves a cash transaction valued at approximately $3.2 billion. Under the proposed acquisition, EMS shareholders will receive only $64.00 for every EMS Class A and B common stock and each LP Exchangeable Unit.

The proposed transaction offers Emergency Services shareholders a 9% discount to Emergency Services’ closing price on February 11, 2011, the last trading day prior to the acquisition announcement. Moreover, analysts have set a target price for Emergency Services/EMS shares as high as $76.00. “Based on the lack of an any premium to shareholders, and other factors, we believe that the acquisition undervalues EMS and may not be fair to Emergency Services shareholders. We want to ensure that the shareholders are receiving the maximum value for their stock,” said shareholder rights attorney Willie Briscoe. The investigation relates to the fairness of the proposed transaction to Emergency Services shareholders, possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Emergency Services for approving this transaction, and whether Emergency Services’ Board of Directors acted in the shareholders’ best interests.

If you currently own shares of Emergency Services Corporation/EMS and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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