Kendall Law Group Investigates Adams Golf Inc.
19 Marzo 2012 - 4:49PM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Adams Golf, Inc. (NASDAQ: ADGF) for shareholders in
connection with the proposed acquisition by Adidas AG’s
TaylorMade-adidas Golf Division. The national securities firm’s
investigation seeks to determine whether Adams Golf and its Board
breached their fiduciary duties by entering into the agreement
without properly shopping for a deal that would provide better
value for shareholders. If you are an Adams Golf shareholder and
would like additional information about your rights, contact the
Kendall Law Group at 877-744-3728 or by email at
investor@kendalllawgroup.com.
On March 19, 2012, the companies announced the definitive merger
agreement under which Adams Golf would be acquired by Adidas AG’s
TaylorMade-adidas Golf Division, in a transaction valued at
approximately $70 million. Under the terms of the agreement, Adams
Golf stockholders will receive $10.80 in cash for each share of
Adams Golf/ADGF common stock held. The $10.80 offer price
represents a 9.5 percent premium over Adams Golf’s closing price on
Friday, March 16, 2002. The firm’s investigation seeks to determine
whether Adams Golf and its Board undertook a fair process in
negotiating the deal.
Kendall Law Group was 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 numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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