litigation
confidence high
sentiment neutral
materiality 0.70
Select Medical supplements merger proxy with deal fees, DCF details after stockholder suits
SELECT MEDICAL HOLDINGS CORP
- Three lawsuits in NY and PA allege proxy omissions; company denies but voluntarily adds disclosures.
- Adds $2.9M fee to Ortenzio and $0.2M to Jackson for roles in structuring the transaction.
- Board explored separating critical illness recovery hospital segment from late June 2025.
- Goldman Sachs DCF valuation range per share: $15.04-$25.33; net debt $1.818B; 17 precedent deal premia added.
- Special meeting on merger remains scheduled for June 26, 2026; company urges stockholders to vote.