BOSTON, March 19, 2012 /PRNewswire/ -- Block &
Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors
nationwide, has commenced an investigation into possible breaches
of fiduciary duties by the Board of Directors of Adams Golf, Inc.
("Adams Golf" or the "Company") (NASDAQ: ADGF) with regards to the
proposed acquisition of the Company by the TaylorMade-adidas Golf
Company ("TaylorMade"). The transaction is for $10.80 per share in cash and is valued as
approximately $70 million.
Block & Leviton's investigation seeks to determine, among
other things, whether Adams Golf's Directors breached their
fiduciary duties by failing to maximize shareholder value in the
proposed transaction. The offer price of $10.80 per share represents only a 9.5 percent
premium over closing stock price on March
16, 2002. Adams Golf recently announced record net
sales of $96.5 million for the year
ended December 31, 2011, as well as
net profit of $14.5 million, or
$1.79 per fully diluted
share.
If you are an Adams Golf shareholder and have questions about
your legal rights, please contact Mark
Delaney at (617) 398-5650 or email him at
mark@blockesq.com.
Block & Leviton is a Boston-based law firm representing investors
for violations of securities laws. The firm's lawyers have
collectively been prosecuting securities cases on behalf of
investors for over 50 years.
This notice may constitute attorney advertising.
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Contact:
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BLOCK
& LEVITON LLP
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Mark Alan
Delaney, Esq.
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Mark@blockesq.com
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(617)
389-5650
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SOURCE Block & Leviton LLP