NEW YORK, June 28, 2021 /PRNewswire/ --
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of New Senior Investment Group Inc. ("SNR" or the "Company") (NYSE: SNR) in connection with the Company's proposed merger with Ventas, Inc. ("Ventas") (NYSE: VTR). Under the terms of the merger agreement, SNR shareholders will receive 0.1561 shares of Ventas stock for each SNR share they own, representing implied per-share merger consideration of approximately $9.10 based upon Ventas's June 25, 2021 closing price of $58.31.
If you own SNR shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/snr
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]
WeissLaw LLP is investigating whether SNR's board acted in the best interest of SNR's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Ventas, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to SNR's public shareholders.
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 protected]
SOURCE WeissLaw LLP
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