The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Epicor Sof...
07 Avril 2011 - 7:19PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Epicor Software Corporation (Nasdaq: EPIC) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Apax Partners
Holdings Ltd. Under the terms of the proposed deal, Epicor Software
shareholders are to receive $12.50 per share in cash per share of
Epicor Software for a total transaction value of $790 million.
The investigation concerns whether the Epicor Software Board of
Directors breached their fiduciary duties to Epicor Software
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Apax Partners Holdings
Ltd. is underpaying for Epicor Software shares. According to
Thomson/First Call, the median price target set by six analysts for
Epicor Software stock is $13 per share and at least one analyst set
a price target of $14 per share.
If you own common stock in Epicor Software and wish to obtain
additional information, please contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/epicor-software.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:Vincent Wong, Esq.39 East BroadwaySuite 304New York, NY
10002Tel. 212.584.2740Fax. 866.367.6510E-Mail: vw@wongesq.com
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