Robbins Umeda LLP Is Investigating Epicor Software Corporation Acquisition for Shareholders
April 04 2011 - 7:58PM
Business Wire
Robbins Umeda LLP, a shareholder rights litigation firm, is
interested in helping shareholders of Epicor Software Corporation
(NASDAQ: EPIC). The Firm has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by members of the board of directors of Epicor in connection
with their efforts to sell the company to Apax Partners.
If you own stock in Epicor and would like more information about
your shareholder rights, please contact Gregory E. Del Gaizo at
800-350-6003 or via the shareholder information form on our
website.
On April 4, 2011, Epicor announced it has entered into a
definitive merger agreement under which Apax will acquire all of
the outstanding common shares of Epicor. Under the current
agreement, Epicor shareholders will receive $12.50 in cash for each
share of Epicor common stock they hold. The deal is expected to
close in the second quarter of 2011.
The investigation is focused on whether Epicor's board is
undertaking a fair process to obtain maximum value for its
shareholders. Of particular note, five analysts have a price target
for Epicor above Apax's offer, ranging from $13 to $14 per
share.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
Firm's skilled litigation teams include former federal prosecutors,
former defense counsel from top multinational corporate law firms,
and career shareholder rights attorneys. Robbins Umeda LLP has
helped its clients realize more than $1 billion of value for
themselves and the companies in which they have invested. For more
information, please go to http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/epicor-software-corporation/
Attorney Advertising. Past results do not guarantee a similar
outcome.
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