Adams Golf Investor Alert: The Briscoe Law Firm & Powers Taylor, LLP Investigate the Acquisition of Adams Golf, Inc. by Taylo...
2012年3月20日 - 12:38AM
ビジネスワイヤ(英語)
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Adams Golf, Inc. (“Adams Golf” or
“ADGF”) (NASDAQ: ADGF) to TaylorMade-adidas Golf Company for
shareholders. Under the proposed transaction, Adams Golf
shareholders will receive only $10.80 in cash for each share of
Adams Golf/ADGF stock owned.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive acquisition agreement involves an all cash
transaction with a total equity value of approximately $70 million.
The deal is expected to close in mid-2012.
The investigation centers on whether Adams Golf shareholders are
receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues Adams Golf stock, and whether
Adams Golf board attempted to obtain the highest share price for
all shareholders prior to agreeing to the deal. According to
shareholder rights attorney Willie Briscoe, “Although the
acquisition price represents an approximate 9.5% premium over the
closing price of Adams Golf shares the day prior to the buyout
announcement, Adams Golf recently announced positive financial news
about the company’s sales, including reporting net profit of $14.5
million and record net sales of $96.5 million for year 2011. Based
on these and other factors, we believe that the transaction
significantly undervalues Adams Golf stock. Our lawsuit will seek
to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
Adams Golf, Inc. (MM) (NASDAQ:ADGF)
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