NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Levi &
Korsinsky commenced an investigation the Board of Directors of
Emeritus Corp. ("Emeritus" or "the Company") (NYSE: ESC) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Brookdale Senior
Living Inc. ("Brookdale") (NYSE: BKD).
Click here to learn more:
http://zlk.9nl.com/emeritus-esc, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Emeritus shareholders will
receive 0.95 shares of Brookdale common stock for each share of
Emeritus stock they own. The deal has a total approximate value of
$2.8 billion, including the
assumption of debt. The investigation concerns whether the Emeritus
Board breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Brookdale is underpaying for Emeritus
shares.
If you own Emeritus common stock and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/emeritus-esc.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP