Glancy Binkow & Goldberg LLP Announces Investigation of American Dental Partners, Inc.
November 08 2011 - 7:44PM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the Board of Directors of
American Dental Partners, Inc. (“American Dental” or the “Company”)
(NASDAQ:ADPI) related to the proposed acquisition of the Company by
an affiliate of JLL Partners, Inc. The transaction is valued at
approximately $385 million or $19.00 per share.
The investigation concerns whether the Board of Directors of
American Dental breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. At least one analyst has set a target price for the
Company’s stock at $20.00.
If you are a shareholder of American Dental, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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