NEW YORK, May 8, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Care Capital
Properties, Inc. ("CCP" or the "Company")(NYSE:CCP) in connection with the proposed merger of the Company with Sabra Health Care
REIT, Inc. ("SBRA")(NASDAQ:SBRA). Under the terms of the agreement, the Company's shareholders will receive 1.123 shares of
SBRA for each CCP share they own, representing consideration of $29.96 based on SBRA's May 5 closing price.
WeissLaw is investigating whether CCP's Board acted to maximize shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $32.00 per share. Additionally, on
May 1, 2017, just six short days before the acquisition announcement, CCP announced the completion
of its purchase of six Behavioral Health Hospitals, a transaction from which the Company anticipates the strengthening of its
market position, and an initial GAAP yield of approximately 8.7%. Also, in recent financial disclosures, CCP beat revenue
expectations by $7.73 million, reporting $90.4 million in total
revenue for the fourth quarter of 2016, reflecting an increase of 3.5% year-over-year.
Finally, according to Hilliards Lyons analyst John Roberts, CCP shareholders can expect a 17.1%
decline in dividend yield, further noting that "the price paid for CCP is below [Hilliard Lyons']
estimate for fair value of the company."
Given these facts, WeissLaw is investigating whether CCP shareholders will obtain their fair and proportionate share of the
Company's continued success and future growth prospects. If you own CCP shares and would like more information about your
rights or our investigation, or if you have information to share with us, please contact Joshua
Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com .
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief
in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email
us at stockinfo@weisslawllp.com or
fill out the form on our website, http://www.weisslawllp.com/care-capital-properties-inc/
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SOURCE WeissLaw LLP