MERGER ALERT RHT, PVAC and ATHN: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

Globe Newswire 11-Dec-2018 3:46 PM

NEW YORK, Dec. 11, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies.

Red Hat, Inc. (NYSE:RHT)
Merger Announcement: October 28, 2018
Transaction Details: Red Hat, Inc. will be purchased by IBM (NYSE:IBM). Under the terms of the transaction, Red Hat shareholders will receive $190 for each share of Red Hat stock they own.

To learn more about the action and your rights, go to: https://www.zlk.com/mna/red-hat-inc.

Penn Virginia Corporation (NASDAQ:PVAC)
Merger Announcement: October 28, 2018
Transaction Details: Penn Virginia Corporation will be purchased by Denbury Resources Inc. (NYSE:DNR). Under the terms of the transaction, Penn Virginia shareholders will receive 12.4 shares of Denbury common stock and $25.86 in cash for each share of Penn Virginia common stock they own; Penn Virginia shareholders may elect to receive all cash, all stock, or a combination of cash and stock, subject to proration. Based on the closing price of Denbury shares on October 26, 2018, this represents a value of $79.80 per share.

To learn more about the action and your rights, go to: https://www.zlk.com/mna/penn-virginia-corporation.

athenahealth, Inc. (NASDAQ:ATHN)
Merger Announcement: November 12, 2018
Transaction Details: athenahealth will be purchased by an affiliate of Veritas Capital and Evergreen Coast Capital. Under the terms of the transaction, athenahealth shareholders will receive $135 per share; the transaction has a total approximate value of $5.7 billion in cash. 

To learn more about the ATHN investigation and your rights, go to: https://www.zlk.com/mna/athenahealth-inc.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
jlevi@levikorsinsky.com
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com