Law Office of Brodsky & Smith, LLC Announces Investigation of Edelman Financial Group, Inc.
18 Avril 2012 - 10:35PM
Business Wire
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.
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