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Select Medical board investigated over $16.50/share acquisition deal amid potential conflicts of interest

Market News
10 Jun 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

Select Medical's board and senior management are under investigation by Bleichmar Fonti & Auld LLP for possible breaches of fiduciary duties related to the company's pending sale at $16.50 per share. The deal, announced in March 2026, involves a consortium including company insiders who are allowed to retain shares post-merger, unlike public shareholders. The investigation questions the fairness of the merger process and disclosures ahead of a shareholder vote scheduled for June 26, 2026. Shareholders are encouraged to seek legal advice as the merger could close soon after the vote, limiting their options to challenge the deal.

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