WILMINGTON, Del., March 12, 2013 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you own shares of Asset Acceptance Capital Corp. (NASDAQ
GS: AACC)?
- Did you purchase any of your shares prior to March 6, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Asset
Acceptance Capital Corp. ("Asset Acceptance" or the "Company")
(NASDAQ GS: AACC) regarding possible breaches of fiduciary duties
and other violations of law related to the Company's entry into an
agreement to be acquired by Encore Capital Group, Inc. ("Encore")
in a transaction valued at approximately $200 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/asset-acceptance-capital-corp.
Under the terms of the proposal, public shareholders of Asset
Acceptance will receive $6.50 per
share in cash for each share of Asset Acceptance they
own.
The investigation concerns whether Asset Acceptance's board of
directors failed to adequately shop the Company and obtain the best
possible value for Asset Acceptance's shareholders before entering
into an agreement with Encore. According to Yahoo! Finance,
at least one analyst has set a price target for Asset Acceptance
stock at $8.00 per share.
If you own the common stock of Asset Acceptance and purchased
your shares before March 6, 2013, 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 Seth Rigrodsky or Brian
Long at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite
120, Wilmington, Delaware 19803,
by telephone at (302) 295-5310, or Peter
Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New
York 11530, by telephone at (888) 969-4242; by e-mail to
info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/asset-acceptance-capital-corp.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rigrodskylong.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.