INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of Emeritus Corporation Buyout Proposal
SMITHTOWN, NY, Feb. 21, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of Emeritus Corporation (“Emeritus”) (NYSE: ESC) for possible breaches of fiduciary duties and other violations of law in connection with Emeritus’ agreement to be acquired by Brookdale Senior Living, Inc. (“Brookdale”)(NYSE: BKD).
Under the terms of the proposal, public stockholders of Emeritus would receive 0.95 shares of Brookdale for each share of Emeritus they own.
The investigation concerns whether Emeritus’ Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Emeritus’ stockholders would be fair and adequate, and whether Emeritus is acting in its stockholders’ best interests.