BALA CYNWYD, Pa., April 17, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Edelman
Financial Group, Inc. ("Edelman" or the "Company") (Nasdaq: EF)
relating to the proposed acquisition by Lee Equity Partners
("Lee").
Under the terms of the transaction, Edelman shareholders would
receive only $8.85 in cash for each
share of Edelman stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Edelman for not acting in the
Company's shareholders' best interests in connection with the sale
process to Lee. The transaction may undervalue Edelman as the
transaction would pay Edelman shareholders only a slight premium
above the $8.70 per share Edelman
stock traded on August 5, 2011 and is
below multiples of comparable deals. In addition, some members of
senior management will have positions at the new company and
maintain equity positions.
If you own shares of Edelman 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/410-ef-edelman-financial-group-inc.html,
or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC