Kaskela Law LLC Announces Shareholder Class Action Lawsuit Filed Against Tivity Health, Inc. and Encourages Stockholders to Contact the Firm
Tivity Health, Inc. (TVTY)
Last tivity health, inc. earnings: 2/19 04:03 pm
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US:NASDAQ Investor Relations:
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Source: PR Newswire
PHILADELPHIA, April 27, 2020 /PRNewswire/ -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Tivity Health, Inc. ("Tivity" or the "Company") (NASDAQ: TVTY) on behalf of investors who purchased or acquired shares of Tivity's common stock between March 8, 2019 and February 19, 2020, inclusive.On March 8, 2019, Tivity announced that it had completed an acquisition of Nutrisystem, Inc. ("Nutrisystem") for approximately $1.3 billion in cash and stock. In connection with the acquisition, Nutrisystem shareholders received $38.75 per share in cash, and 0.2141 shares of Tivity common stock, for each share of Nutrisystem common stock.As detailed in the complaint, approximately one year after completing the Nutrisystem acquisition Tivity reported its fiscal 2019 financial and operational results, and disclosed that its "Nutrition segment had a disappointing end to 2019," which included "a non-cash impairment charge of $(377.1) million," contributing to a
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