PHILADELPHIA, PA / ACCESSWIRE / August 19, 2024 / Kehoe Law Firm, P.C. is investigating whether the sale of R1 RCM Inc. (NASDAQ:RCM) is fair to R1 RCM shareholders and whether the Board of Directors of R1 RCM breached its fiduciary duties in connection with the proposed acquisition of the company by investment funds affiliated with TowerBrook Capital Partners L.P. ("TowerBrook Capital") and Clayton, Dubilier & Rice ("CD&R") in an all-cash transaction for $14.30/share.
R1 RCM INVESTORS CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
TowerBrook Capital is the beneficial owner of 36% of the outstanding shares of common stock of R1 RCM. Under the terms of the agreement, TowerBrook Capital and CD&R will acquire all the outstanding shares that TowerBrook Capital does not currently own for $14.30 per share.
Although the Board of Directors of R1 RCM formed a special committee, it does not appear that they put in place standard deal protections, such as a majority of the minority vote requirement. Moreover, the deal price is below the 52-week high R1 RCM stock price of $18.22.
Importantly, the investigation concerns whether the transaction is unfair to R1 RCM investors and the result of a flawed process by R1 RCM's potentially conflicted Board of Directors.
R1 RCM SHAREHOLDERS CAN ALSO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff-side class action law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
This press release may constitute attorney advertising.
SOURCE: Kehoe Law Firm P.C