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ADGF Adams Golf, Inc. (MM)

10.78
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Adams Golf, Inc. (MM) NASDAQ:ADGF NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.78 0 01:00:00

Kendall Law Group Investigates Adams Golf Inc.

19/03/2012 3:49pm

Business Wire


Adams Golf, Inc. (MM) (NASDAQ:ADGF)
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Kendall Law Group, led by former federal judge Joe Kendall, is investigating Adams Golf, Inc. (NASDAQ: ADGF) for shareholders in connection with the proposed acquisition by Adidas AG’s TaylorMade-adidas Golf Division. The national securities firm’s investigation seeks to determine whether Adams Golf and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an Adams Golf shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at investor@kendalllawgroup.com.

On March 19, 2012, the companies announced the definitive merger agreement under which Adams Golf would be acquired by Adidas AG’s TaylorMade-adidas Golf Division, in a transaction valued at approximately $70 million. Under the terms of the agreement, Adams Golf stockholders will receive $10.80 in cash for each share of Adams Golf/ADGF common stock held. The $10.80 offer price represents a 9.5 percent premium over Adams Golf’s closing price on Friday, March 16, 2002. The firm’s investigation seeks to determine whether Adams Golf and its Board undertook a fair process in negotiating the deal.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

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