BALA CYNWYD, Pa., March 22, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Adams Golf, Inc.
("Adams" or the "Company")
(Nasdaq: ADGF) relating to the proposed acquisition by the Adidas
Group. ("Adidas").
Under the terms of the transaction, Adams shareholders would receive only
$10.80 in cash for each share of
Adams stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of
Adams for not acting in the
Company's shareholders' best interests in connection with the sale
process to Adidas. For example, several current officers of
Adams have agreed to continue in
their current roles after the completion of the transaction. In
addition, Adams has reported an
increase in 2011 net sales and realized net profit.
If you own shares of Adams stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/400-adgf-adams-golf-inc.html, or by
calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC