Select Medical stock faces appraisal battle over $3.9 billion take-private price

Select Medical, a major operator of rehabilitation and specialty hospitals, is facing a legal appraisal dispute over the fairness of the $3.9 billion price used to take the company private. Shareholders challenging the deal are seeking a court determination that the buyout undervalued their shares. The outcome could have broader implications for ownership and strategic direction of a large provider network that includes physical rehabilitation services.

Read full article at AD HOC NEWS ↗

About this summary. The text above is a short summary written for this site. The original article is hosted by AD HOC NEWS at the link above; this site does not reproduce the full article. Verify against the source before relying on specific details.