NEW YORK, May 2, 2016 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Examworks Group,
Inc. ("EXAM" or the "Company") in connection with the proposed
acquisition of the Company by Leonard
Green & Partners, L.P. ("Leonard
Green"). On April 27,
2016, the Company announced it had reached a definitive
agreement for Leonard Green to
acquire all outstanding shares of EXAM in a transaction valued at
approximately $2.2 billion.
Under the terms of the agreement, EXAM shareholders will receive
$35.05 in cash for each EXAM share
they own.
WeissLaw is investigating whether EXAM's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $41.00 per share, or approximately $6.00 above the offer price. Additionally,
the offer price represents a mere 3.9% premium over EXAM's
April 26 trading price of
$33.73, and $7.55 less than the Company's 52-week high of
$42.60. Further, EXAM recently
announced positive financial results. It reported revenue of
$819.6 million for fiscal year 2015,
representing an increase of $44.00
million, or 5.7% year-over-year when compared to the
$775.6 million reported in the
previous year.
Given these facts, WeissLaw is investigating whether EXAM's
Board acted in the best interests of EXAM's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own EXAM shares and would like more
information about your right or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/contact/report_fraud/.
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SOURCE WeissLaw LLP