NEW YORK, April 17, 2012 /PRNewswire/
-- Harwood Feffer LLP (www.hfesq.com) is investigating
potential claims against the board of directors of Edelman
Financial Group, Inc. ("Edelman" or the "Company") (Nasdaq: EF)
concerning the proposed acquisition of the Company by Lee Equity
Partners ("Lee") in a transaction valued at approximately
$258 million.
(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO
)
On April 16, 2012, it was
announced that Edelman and Lee have entered into a definitive
agreement pursuant to which Lee will acquire Edelman and take the
Company private. Under the agreement, Edelman shareholders
will receive $8.85 per share
held.
Our investigation concerns whether the Edelman board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
shareholders.
If you own Edelman shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin Sachs-Michaels
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP