The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of American Dental Partners
07 Novembre 2011 - 8:26PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of American Dental Partners (ADPI)
(“American Dental” or ADPI”) (Nasdaq: ADPI) to JLL Partners
for shareholders. Under the proposed acquisition agreement, ADPI
shareholders will receive $19.00 in cash for each share of ADPI
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 valued at approximately $398 million, including $81
million in outstanding debt. The transaction is expected to be
completed in the first quarter of 2012.
“We are investigating the fairness of the proposed transaction
to ADPI shareholders and whether American Dental’s Board of
Directors acted in the shareholders’ best interest,” said
shareholder rights attorney Willie Briscoe. The firms are
investigating whether the transaction undervalues ADPI stock and
whether American Dental’s board attempted to obtain the highest
share price for all shareholders prior to agreeing to the deal.
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.
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