|[March 18, 2013]
Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Assisted Living Concepts Inc. (ALC)
NEW YORK --(Business Wire)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Assisted
Living Concepts Inc. ("Assisted Living" or the "Company") (NYSE: ALC)
for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to private investment firm
TPG in a deal valued at approximately $278 million. Under the terms of
the proposed transaction, Assisted Living's Class A shareholders will
receive $12.00 in cash for each share they own and the Company's Class B
shareholders will receive $12.90 in cash per share.
Request more information now by clicking here: www.faruqilaw.com/ALC.
There is no cost or obligation to you.
The investigation focuses on whether Assisted Living's Board of
Directors breached their fiduciary duties to the Company's stockholders
by failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
Assisted Living's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients.
If you own common stock in Assisted Living and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
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