NEW YORK, June 25, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Vanguard Health Systems Inc. ("Vanguard" or the "Company") (NYSE: VHS) concerning the proposed acquisition of the Company by Tenet Healthcare Corp. ("Tenet").
On June 24, 2013, Vanguard announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Tenet. Under the terms of the agreement, Vanguard shareholders will receive $21 for each share owned.
Our investigation concerns whether the Vanguard board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Vanguard shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP