NEW YORK, July 13, 2017 /PRNewswire-USNewswire/
-- WeissLaw LLP is investigating possible breaches of
fiduciary duty and other violations of law by the Board of
Directors of ClubCorp Holdings, Inc. ("MYCC" or the "Company")
(NYSE: MYCC) in connection with the proposed acquisition of the
Company by affiliates of Apollo Global Management, LLC (the
"Affiliates"). Under the terms of the acquisition agreement,
the Company's shareholders will receive $17.12 in cash for each MYCC share they own.
WeissLaw is investigating whether MYCC's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the offer price is nearly $10.00 less than the analyst target price of
$27.00. Additionally, MYCC
recently announced its twelfth consecutive quarter of growth;
reporting revenue of $221.3 million
in the first quarter of 2017, an increase of $6.4 million when compared to the $214.9 million reported in the same period of the
previous year.
Given these facts, WeissLaw is investigating whether MYCC's
Board acted in the best interests of MYCC's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own MYCC shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP 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 clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/clubcorp-holdings-inc/.
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SOURCE WeissLaw LLP