Pomerantz Law Firm Investigates American Dental Partners, Inc.
November 08 2011 - 11:04AM
Business Wire
Pomerantz Haudek Grossman & Gross LLP is investigating
claims on behalf of investors of American Dental Partners, Inc.
(“American Dental” or the “Company”) (NASDAQ:ADPI) concerning the
proposed acquisition of American Dental by JLL Partners, Inc. a
private equity firm, in a cash transaction valued at $398
million.
The investigation concerns whether the board of directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, American Dental shareholders would receive $19.00 per
share in cash for each share of American Dental they own. At least
one analyst has set a target share price of $21.00. American
Dental’s CEO and other members of senior management will continue
in their roles with the Company even as shareholders get cashed
out.
American Dental shareholders seeking more information about this
acquisition are advised to contact Gustavo Bruckner, Esq. at
gfbruckner@pomlaw.com or 212-661-1100 or toll free at 888-476-6529,
ext. 302. Shareholders may also contact Rachelle R. Boyle at
rrboyle@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.
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.
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