MILWAUKEE, April 12, 2023 /PRNewswire/ -- Ademi LLP is investigating Diversified Healthcare (NASDAQ: DHC) for possible breaches of fiduciary duty and other violations of law in its transaction with Office Properties.
Click here to learn how to join the action https://www.ademilaw.com/case/diversified-healthcare-trust or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Diversified Healthcare's financial outlook and prospects are excellent and yet Diversified Healthcare's shareholders are expected to receive only 0.147 shares of Office Properties for each common share of Diversified Healthcare based on a fixed exchange ratio, which represents an implied value of $1.70 per Diversified Healthcare common share, resulting in Diversified Healthcare shareholders owning approximately 42% of the combined company, and Office Properties shareholders owning approximately 58% of the combined company. The transaction agreement unreasonably limits competing bids for Diversified Healthcare by imposing a significant penalty if Diversified Healthcare accepts a superior bid. Diversified Healthcare insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Diversified Healthcare's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Diversified Healthcare.
If you own Diversified Healthcare common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/diversified-healthcare-trust.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-ademi-llp-investigates-whether-diversified-healthcare-trust-has-obtained-a-fair-price-in-its-transaction-with-office-properties-301795271.html
SOURCE Ademi LLP
