WeissLaw LLP: The Care Capital Properties, Inc. Merger May Not Be in the Best Interests of CCP Shareholders

NEW YORK, May 8, 2017

WeissLaw is investigating whether CCP's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, at least one analyst set a target price of $32.00 per share.  Additionally, on May 1, 2017, just six short days before the acquisition announcement, CCP announced the completion of its purchase of six Behavioral Health Hospitals, a transaction from which the Company anticipates the strengthening of its market position, and an initial GAAP yield of approximately 8.7%.  Also, in recent financial disclosures, CCP beat revenue expectations by $7.73 million, reporting $90.4 million in total revenue for the fourth quarter of 2016, reflecting an increase of 3.5% year-over-year. 

Finally, according to Hilliards Lyons analyst John Roberts, CCP shareholders can expect a 17.1% decline in dividend yield, further noting that "the price paid for CCP is below [Hilliard Lyons'] estimate for fair value of the company."

Given these facts, WeissLaw is investigating whether CCP shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects.  If you own CCP shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/care-capital-properties-inc/

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/weisslaw-llp-the-care-capital-properties-inc-merger-may-not-be-in-the-best-interests-of-ccp-shareholders-300453462.html

SOURCE WeissLaw LLP