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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

Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of Emergency Medical Servi...

14/02/2011 1:54pm

Business Wire


Emergency medical (NYSE:EMS)
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The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Emergency Medical Services Corporation ("EMSC" or the "Company") (NYSE: EMS) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Clayton, Dubilier & Rice, LLC. Under the terms of the proposed transaction, EMSC shareholders are to receive $64.00 in cash for each share of EMSC Class A common stock and Class B common stock and each LP Exchangeable Unit. Onex Corporation and its affiliates, the holders of the Company’s LP Exchangeable Units, have sufficient voting power to approve the merger, and have agreed to vote in favor of adoption of the merger agreement.

The investigation involves whether the Board of Directors of EMSC breached their fiduciary duties to EMSC stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether EMSC has disclosed all material information to shareholders about the proposed transaction. Specifically, the offer price is a 9% discount to EMSC’s closing price on February 11, 2011. Further, according to Yahoo Finance, analysts have set an average target price for EMSC at over $68.00 per share, and one analyst has set a $76.00 target price per share.

If you own stock in EMSC and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at jstein@jonathansteinlaw.com or by telephone at (561) 961-2244.

The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.

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