WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Almost Family, Inc. (“AFAM” or the “Company”) (NASDAQ: AFAM) in connection with the proposed acquisition of the Company by the LHC Group Inc. (“LHCG”) (NASDAQ: LHCG). Under the terms of the acquisition agreement, the Company’s shareholders will receive 0.9150 of a share of LHCG for each AFAM share they hold, representing consideration of $60.87 per AFAM share based on LHCG’s November 16 trading price.
WeissLaw is investigating whether AFAM’s Board acted to maximize shareholder value prior to entering into the agreement. Notably, AFAM shares traded for $62.95, or $2.08 above the per-share consideration as recently as June of this year. Further, the Company recently announced positive financial results. It reported net service revenues of approximately $200.7 million in the second quarter of 2017, representing an impressive 28.7% year-over-year increase when compared to the figures reported in the same period of previous year.
Given these facts, WeissLaw is investigating whether AFAM’s shareholders will obtain their fair and proportionate share of the Company’s continued success and future growth prospects. If you own AFAM 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 firstname.lastname@example.org.
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 email@example.com or fill out the form on our website, http://www.weisslawllp.com/almost-family-inc/