Investors of Diversified Healthcare Trust Stock May Have Legal Claims
Date17 May 2023//
CategoriesBlog, Shareholder Investigations
Investors of Diversified Healthcare Trust Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating the fairness of the proposed acquisition of Diversified Healthcare Trust (“Diversified Healthcare,” “DHC”) (NASDAQ: DHC) by Office Properties Income Trust (“OPI”).
The RMR Group LLC manages both DHC and OPI. Pursuant to the terms of the merger agreement, Diversified Healthcare stockholders will receive 0.147 shares of OPI stock for each common DHC share.
Based on OPI’s closing price on May 15, 2023 of $6.04 per share, the transaction only values DHC’s common stock at $0.88788 per share. In contrast, on March 13, 2023, DHC’s stock closed at $1.47 per share, and its 52-week high is $2.37 per share (over two and a half times the transaction price).