Assisted Living Concepts (ALC) Merger Shareholder Lawsuit

Assisted Living Concepts (ALC) announced it has entered into a definitive merger agreement pursuant to which Assisted Living Concepts will be acquired by TPG, a global investment firm.  The proposed merger transaction values Assisted Living Concepts at approximately $278 million.  ALC shareholders will receive $12.00 in cash for each share of ALC Class A common stock they own, and $12.90 in cash for each share of ALC Class B common stock they own.

Is $12.00 fair value for ALC Class A shareholders?

Is $12.90 fair value of ALC Class B shareholders?

Have Assisted Living Concepts’ board members complied with all duties owed to ALC shareholders?  

Has the Assisted Living Concepts board of directors properly shopped the company to all possible suitors?

We are investigating whether the proposed transaction is fair to Assisted Living Concepts shareholders.  The investigation concerns whether the Assisted Living Concepts board of directors’ process for consideration of the proposed transaction was adequate, whether Assisted Living Concepts is acting in its shareholders’ best interests and whether the proposed share price to be paid to ALC shareholders is fair and adequate. 
If you own the common stock of Assisted Living Concepts and if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please fill out the contact form on this web page or call Attorney George Pressly at Morgan & Morgan toll free at 1 (800) 631-6234.