The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Epicor Sof...
April 05 2011 - 2:17PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Epicor Software Corporation (Nasdaq: EPIC) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Apax Partners
Holdings Ltd. Under the terms of the proposed transaction, Epicor
Software shareholders will receive $12.50 per share in cash for a
total transaction value of $790 million.
The investigation concerns whether the Epicor Software Board of
Directors breached their fiduciary duties to Epicor Software
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Apax Partners Holdings
Ltd. is underpaying for Epicor Software shares. According to Yahoo!
Finance, at least one analyst set a price target for Epicor
Software at $14 per share.
If you own common stock in Epicor Software and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/epicor-software-corporation.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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