Press release from PR Newswire
Sunrise Senior Living, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation Of Acquisition By Health Care REIT, Inc.
Wednesday, August 22, 2012
Sunrise Senior Living, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation Of Acquisition By Health Care REIT, Inc.10:38 EDT Wednesday, August 22, 2012NEW YORK, Aug. 22, 2012 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Sunrise Senior Living, Inc. ("Sunrise" or the "Company") (NYSE:SRZ) breached its fiduciary duty to its shareholders in agreeing to sell Sunrise to Health Care REIT, Inc. (NYSE:HCN).(Logo: http://photos.prnewswire.com/prnh/20120202/MM47134LOGO )Under the terms of the agreement, Sunrise shareholders will receive $14.50 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Sunrise shareholders and the process by which the Sunrise Board of Directors considered and approved the transaction.If you are interested in discussing your rights as a Sunrise stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at: (877) 779-1414 or Ottensoser@bernlieb.com.Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last nine years.Bernstein Liebhard LLP 10 East 40th Street New York, New York 10016 (877) 779-1414 www.bernlieb.comATTORNEY ADVERTISING. © 2012 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.SOURCE Bernstein Liebhard LLP