NEW YORK, Sept. 10, 2012 (GLOBE NEWSWIRE) -- Morgan & Morgan, P.C. has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Sunrise Senior Living, Inc. ("Sunrise" or the "Company") (SRZ) in connection with the sale of the Company to Health Care REIT Inc. (HCN).
Under the terms of the transaction, Sunrise shareholders will receive $14.50 per share of Sunrise stock they own. The transaction has a total approximate value of $845 million. The investigation concerns whether the Sunrise Board of Directors breached their fiduciary duties to Sunrise stockholders by failing to adequately shop the Company before entering into this transaction and whether Health Care REIT Inc. is underpaying for Sunrise shares, thus unlawfully harming Sunrise stockholders.
If you are an investor in Sunrise Senior Living, Inc., and you want to learn more about the investigation, contact Peter Safirstein or Sheila Feerick at Morgan & Morgan, P.C., toll free (800) 732-5200 or via e-mail at sunriseseniorlivingcase@morgansecuritieslaw.com.
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