Investigation of Proposed Merger between Sonida Senior Living, Inc. (NYSE: SNDA) and CNL Healthcare Properties, Inc.
Former Attorney General of Louisiana, Charles C. Foti, Jr., along with the law firm Kahn Swick & Foti, LLC (KSF), is actively investigating the proposed merger between Sonida Senior Living, Inc. (NYSE: SNDA) and CNL Healthcare Properties, Inc.. This investigation focuses on the implications of the merger for existing shareholders and aims to confirm the fairness of the transaction.
Merger Details and Shareholder Implications
As part of the proposed transaction, shareholders of Sonida Senior Living would see their ownership in the newly combined entity range from 39.5% to 50.0% of the diluted common equity. KSF is seeking to understand if the merger process and the final outcomes are in the best interests of SNDA shareholders.
- Proposed merger involves Sonida Senior Living, Inc. and CNL Healthcare Properties, Inc.
- Sonida shareholders may retain between 39.5% and 50.0% of ownership in the new entity.
- KSF aims to investigate the fairness and adequacy of this merger for existing shareholders.
Next Steps for Shareholders
Shareholders who wish to explore their legal rights concerning the proposed merger can contact KSF’s Managing Partner, Lewis S. Kahn. Interested parties are encouraged to reach out without obligation or costs involved.
Contact information is as follows:
- Email: lewis.kahn@ksfcounsel.com
- Toll-Free Phone: 855-768-1857
- Learn more about the case at: KSF Case Page for SNDA
About Kahn Swick & Foti, LLC
Kahn Swick & Foti, LLC is a well-respected law firm with experience in investor rights and corporate governance. Led by former Louisiana Attorney General Charles C. Foti, Jr., the firm is dedicated to representing shareholders and protecting their interests in matters such as mergers and acquisitions.
For additional insights and information about KSF, visit their website at www.ksfcounsel.com.