NEW YORK, April 16, 2012 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities law firm, is investigating the Senior
Management and the Board of Directors of The Edelman Financial
Group ("Edelman" or the "Company") (Nasdaq: EF) in a going
private transaction for possible breaches of fiduciary duty and
other violations of state law. On April 16,
2012, Edelman announced that it has entered into a
definitive merger agreement with affiliates of Lee Equity Partners,
LLC, a private equity firm, to be acquired for $8.85 per share in cash.
Further, Edelman Co-Chief Executive Officers Ric Edelman and George
Ball, and other members of Edelman's senior management team,
who own 26% of the Company's shares, will maintain a significant
equity investment in Edelman. Simultaneously with the closing
of the transaction, Mr. Edelman will also be selling his 24% direct
interest in The Edelman Financial Center, LLC ("EFC") to an
affiliate of Lee Equity Partners.
The investigation concerns, among other things, whether the
consideration to be paid to Edelman shareholders is unfair,
inadequate, and substantially below the fair or inherent value of
Edelman, and whether the senior management of Edelman are putting
their own self-interests ahead of that of the Company's
shareholders.
If you own common stock in Edelman and wish to obtain additional
information, please contact us at:
Tripp Levy PLLC
Toll free: 877-772-3975
Email: contact@tripplevy.com
www.tripplevy.com
SOURCE Tripp Levy PLLC