Pomerantz Law Firm Investigates Claims on Behalf of Investors of Adams Golf, Inc.
Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf
of investors of Adams Golf, Inc. (“Adams Golf” or the “Company”)
(NASDAQ: ADGF) (ISIN: US0062282092) concerning the proposed acquisition
of Adams Golf by The TaylorMade-adidas Golf Company in a cash
transaction valued at approximately $70 million.
The investigation concerns whether the Adams Golf directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, Adams Golf shareholders would receive $10.80 in cash per
share of Adams Golf common stock. However, the price to EBIT and net
income multiples are below that of comparable transactions.
Adams Golf shareholders seeking more information about this acquisition
are advised to contact Rebecca Jarmon at firstname.lastname@example.org
or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York, Chicago, and Washington,
D.C., is acknowledged as one of the premier firms in the areas of
corporate, securities, and antitrust class litigation. Founded by the
late Abraham L. Pomerantz, known as the dean of the class action bar,
the Pomerantz Firm pioneered the field of securities class actions.
Today, more than 70 years later, the Pomerantz Firm continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate misconduct.
The Firm has recovered numerous multimillion-dollar damages awards on
behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz Haudek Grossman & Gross LLP
Pomerantz Haudek Grossman & Gross LLP
Rebecca Jarmon, 212-661-1100 ext. 314
Published: NEW YORK, Mar 19, 2012 (BUSINESS WIRE) --
Copyright: Copyright Business Wire 2012