The law firm of Brower Piven, A Professional Corporation, has commenced
an investigation into possible breaches of fiduciary duty to current
shareholders of Adams Golf, Inc. (“Adams Golf”) (NASDAQ: ADGF) and other
violations of state law by the board of directors of Adams Golf relating
to the proposed acquisition of the company by Adidas Group (“Adidas”).
The firm’s investigation seeks to determine, among other things, whether
the board breached its fiduciary duties by failing to maximize
shareholder value.

On March 19, 2012, Adidas and Adams Golf announced that they had entered
into a definitive agreement providing for Adidas to acquire Adams Golf
for $70 million. Under the terms of the merger agreement, Adams Golf
shareholders will receive $10.80 for each share of Adams Golf common
stock held. According to Bloomberg, the EBIT, EBITDA, Revenue, and Net
Income multiples for the proposed buyout transaction are lower than the
median multiples for comparable transactions. 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 agreed to vote their shares in favor of the transaction.

If you currently own shares of Adams Golf and would like to learn more
about the investigation being conducted by Brower Piven, you may email
or call Brower Piven, who will, without obligation or cost to you,
attempt to answer your questions. You may contact Brower Piven by email
at hoffman@browerpiven.com,
by calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys
at Brower Piven have combined experience litigating securities and other
class action cases of over 60 years.

SOURCE: Brower Piven, A Professional Corporation

Brower Piven, A Professional Corporation 

Stevenson, Maryland 

Charles J. Piven, 410-415-6616 

hoffman@browerpiven.com