Kendall Law Group Investigates Epicor Software for Shareholders
05 April 2011 - 3:17AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Epicor Software Corp. (NASDAQ: EPIC) for shareholders
in connection with the proposed acquisition by Apax Partners LLP.
The national securities litigation firm is investigating whether a
fair process was used prior to entering into the merger agreement
and whether the Board of Directors breached their fiduciary duties
by not seeking a deal that would provide better value of the
Company. If you are an EPIC shareholder and would like additional
information about your rights, you are urged to contact the Kendall
Law Group at 877-744-3728 or by email at
skendall@kendalllawgroup.com.
On April 4, 2011 the companies announced that the companies have
entered into a definitive merger agreement under which Epicor would
be acquired by Apax in a transaction valued at approximately $976
million. Under the terms of the agreement, Epicor stockholders will
receive $12.50 in cash for per EPIC common stock owned. Because
this offer represents only 11.2% premium over the closing price on
April 1, 2011, the firm believes the transaction significantly
undervalues the company. Apax also plans to purchase Activant
Solutions Inc. and merge the two companies. The combined company
will be Epicor Software Corporation, which will not be publicly
traded.
Kendall Law Group, founded by a former federal judge, includes a
former United States Attorney, prosecutors and securities lawyers
who are experienced in complex securities litigation. The firm has
been counsel in many merger and acquisition cases nationwide,
including some of the largest transactions in the United
States.
Epicor (NASDAQ:EPIC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Epicor (NASDAQ:EPIC)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Epicor Software Corp. (MM) (NASDAQ): 0 recent articles
More Kendall Law Group News Articles