EMERGENCY MEDICAL : Kendall Law Group Investigates Emergency Medical Services Corporation Acquisition for Shareholders

February 14, 2011 at 02:30 pm

MarketScreener.com By

Kendall Law Group, led by former federal judge Joe Kendall, is investigating Emergency Medical Services Corporation (NYSE: EMS) for shareholders in connection with the proposed acquisition by an affiliate of Clayton, Dubilier & Rice, LLC. The national securities firm's investigation seeks to determine whether Emergency Medical Services Corporation and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an Emergency Medical Services Corporation shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On February 14, 2011, the companies announced the definitive merger agreement under which Emergency Medical Services Corporation would be acquired by the affiliate of Clayton, Dubilier & Rice, in a transaction valued at approximately $3.2 billion, including debt. Under the terms of the agreement, Emergency Medical Services Corporation stockholders will receive $64.00 in cash for each share of Emergency Medical Services Corporation/EMS Class A common stock, Class B common stock and each LP Exchangeable Unit held. Onex Corporation and its affiliates, holders of Emergency Medical Services Corporation's LP Exchangeable Units, have agreed to vote in favor of the merger agreement and have sufficient voting power to approve the merger. According to Thompson/First Call, analysts have set a price target as high as $76.00 per share for Emergency Medical Services Corporation stock. EMS shares closed at $70.66 on Friday. Due to these factors, the firm believes the transaction significantly undervalues the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.