SHAREHOLDER ALERT: Brower Piven Announces Class Action Lawsuit in Connection With the Sale of Gentiva Health Services, Inc. -- GTIV


STEVENSON, Md., Oct. 29, 2014 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Delaware Court of Chancery on behalf of all common stockholders of Gentiva Health Services, Inc. ("Gentiva" or the "Company") (Nasdaq:GTIV) opposing the proposed acquisition of Gentiva by Kindred Healthcare, Inc. ("Kindred").

The complaint arises out of the October 9, 2014 announcement that Gentiva had entered into a definitive merger agreement with Kindred, pursuant to which Gentiva shareholders will receive $14.50 per share in cash and 0.257 shares of Kindred common stock for a total combined consideration of $19.50 per share for each share of Gentiva they own.

The complaint seeks relief on behalf of the named plaintiff and all other similarly situated shareholders of Gentiva and asserts whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value and/or protect the interests of Gentiva shareholders. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Gentiva stock at $20.00 per share.

If you currently own common stock of Gentiva and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.



            

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