Cases & Investigations
R1 RCM Inc.
Type: Investigations
Stock Symbol: NASDAQ: RCM
Wolf Popper LLP is investigating claims on behalf of investors in R1 RCM Inc. (NASDAQ: RCM) concerning the acquisition of R1 RCM by its significant shareholder, TowerBrook Capital Partners L.P. Under the terms of the acquisition, R1 RCM shareholders would receive $14.30 per share in cash.
According to Wolf Popper partner Carl Stine, “The deal price of $14.30 per share seems unfairly low. It is significantly below R1 RCM’s 52-week high stock price of $18.54 per share in the year prior to the deal being announced, and the deal is not conditioned on approval by a vote of the majority of R1 RCM’s minority unaffiliated stockholders, which would have offered some protection to R1 RCM’s minority shareholders from having to take an unattractive deal. You have to wonder why TowerBrook is afraid to ask the public shareholders for approval if TowerBrook thinks the price is fair.”
According to Wolf Popper partner Carl Stine, “The deal price of $14.30 per share seems unfairly low. It is significantly below R1 RCM’s 52-week high stock price of $18.54 per share in the year prior to the deal being announced, and the deal is not conditioned on approval by a vote of the majority of R1 RCM’s minority unaffiliated stockholders, which would have offered some protection to R1 RCM’s minority shareholders from having to take an unattractive deal. You have to wonder why TowerBrook is afraid to ask the public shareholders for approval if TowerBrook thinks the price is fair.”
Contact Instructions
Carl L. Stine - (212) 451-9631
Email: Outreach@wolfpopper.com
Email: Outreach@wolfpopper.com
Wolf Popper LLP is Investigating Whether the Sale of R1 RCM Inc. Is Fair to Shareholders
Case Update | 8/6/2024