Energy News / Shareholders Foundation, Inc.

NYSE: EVHC Investor Alert: Lawsuit Filed in Effort to Halt the Takeover of Envision Healthcare Corporation

Via: ReleaseWire

Updated 12:00 PM CDT, Wed, July 25,2018

A lawsuit was filed for investors in shares of Envision Healthcare Corporation (NYSE: EVHC) in connection with the proposed takeover and NYSE: EVHC stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 07/25/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of Envision Healthcare Corporation (NYSE: EVHC), filed a lawsuit against the takeover of Envision Healthcare. by KKR.

Investors who purchased shares of Envision Healthcare Corporation (NYSE: EVHC) and currently hold any of those NYSE: EVHC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: EVHC stockholders by agreeing to sell Envision Healthcare Corporation cheaply via an unfair process.

On June 11, 2018, Envision Healthcare Corporation (NYSE: EVHC) announced it has entered into a agreement to be acquired by global investment firm KKR in an all-cash transaction for approximately $9.9 billion, including the assumption or repayment of debt. Under the terms of the agreement, KKR will acquire all of the outstanding shares of Envision's common stock for $46.00 per share in cash.

However, plaintiff claims that the proposed consideration NYSE: EVHC shareholders will receive is grossly inadequate and undervalues Envision Healthcare Corporation. Indee, at least one analyst has set the high target price for NYSE: EVHC shares at $51.00 per share and NYSE: EVHC shares traded in 2017 as high as $82.78 per share. Envision Healthcare Corporation reported that its annual Total Revenue rose from over $3.49 billion in 2016 to over $7.81 billion in 2017. In addition, the plaintiff alleges that the process is also unfair NYSE: EVHC stockholders

Those who are current investors in Envision Healthcare Corporation (NYSE: EVHC) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-evhc-investor-alert-lawsuit-filed-in-effort-to-halt-the-takeover-of-envision-healthcare-corporation-1017229.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com