Faruqi & Faruqi, LLP Announces Investigation into Possible Breaches of Fiduciary Duties by the Board of Adams Golf, Inc. in C...
21 3월 2012 - 12:22AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Adams Golf, Inc. (“Adams Golf” or the “Company”)
(NASDAQ: ADGF) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Adidas-owned TaylorMade-adidas Golf Company in a transaction valued
at about $70 million. Under the terms of the proposed transaction,
Adams Golf shareholders will receive $10.80 in cash for each share
of Adams Golf common stock they own. Insiders including Chairman
and CEO B.H. Barney Adams, Director John M. Gregory, Director
Joseph R. Gregory, Director Russell L. Fleischer, Director Mark R.
Mulvoy, Director Robert D. Rogers, and SJ Strategic Investments
LLC, who collectively own approximately 35% of Adams Golf’s
outstanding shares, have already agreed to vote their shares in
favor of the transaction.
Request more information now by clicking here:
www.faruqilaw.com/ADGF. There is no cost or obligation to you.
Whether Adams Golf’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues Adams
Golf’s shares and by how much this proposed transaction undervalues
the Company to the detriment of Adams Golf’s shareholders are the
key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Adams Golf and wish to obtain
additional information and protect your investment free of charge,
please visit us at www.faruqilaw.com/ADGF or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Adams Golf, Inc. (MM) (NASDAQ:ADGF)
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Adams Golf, Inc. (MM) (NASDAQ:ADGF)
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