The Law Firm of Weiss & Lurie Investigates the Acquisition of Epicor Software Corporation
April 05 2011 - 12:34PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Epicor Software
Corporation (NASDAQ: EPIC) arising from its proposed acquisition by
Apax Partners, a private equity firm.
Under the terms of the tender offer, stockholders will receive
$12.50 per share in cash for each Epicor share. The acquisition is
expected to close in six to nine months.
Shareholders representing approximately 19% of Epicor’s
outstanding shares have entered into support agreements with Apax
in connection with the transaction.
Weiss & Lurie is investigating whether Epicor’s Board acted
in the best interests of shareholders in approving the transaction
and whether the Board properly sought to maximize shareholder
value. Notably, several analysts set Epicor’s price target at or
above $13.00, with a high target of $14.00.
If you own Epicor shares and would like more information about
your rights as a shareholder or additional information concerning
our investigation, please contact Julia J. Sun either by email at
infony@weisslurie.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at infony@weisslurie.com or fill out the form on
our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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