Law Office of Brodsky & Smith, LLC Announces Investigation of American Dental Partners, Inc.
November 10 2011 - 11:59PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
American Dental Partners, Inc. (“American Dental” or the “Company”)
(Nasdaq: ADPI) relating to the proposed acquisition by an affiliate
of JLL Partners, Inc. (“JLL Partners”).
Under the terms of the transaction, American Dental shareholders
would receive $19.00 in cash for each share American Dental stock
they own. The investigation concerns possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of
American Dental for not acting in the Company’s shareholders' best
interests in connection with the sale process to JLL Partners. The
transaction may undervalue American Partners as the agreed upon
price is below an analyst price target of $21.00 per share.
If you own shares of American Partners stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/356-adpi-american-dental-partners-inc.html,
or by calling toll free 877-LEGAL-90.
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