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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Epicor Software Corp. (MM) | NASDAQ:EPIC | 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% | 12.50 | 0 | 01:00:00 |
Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of Epicor Software Corporation (NASDAQ: EPIC). The Firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Epicor in connection with their efforts to sell the company to Apax Partners.
If you own stock in Epicor and would like more information about your shareholder rights, please contact Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on our website.
On April 4, 2011, Epicor announced it has entered into a definitive merger agreement under which Apax will acquire all of the outstanding common shares of Epicor. Under the current agreement, Epicor shareholders will receive $12.50 in cash for each share of Epicor common stock they hold. The deal is expected to close in the second quarter of 2011.
The investigation is focused on whether Epicor's board is undertaking a fair process to obtain maximum value for its shareholders. Of particular note, five analysts have a price target for Epicor above Apax's offer, ranging from $13 to $14 per share.
Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The Firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.
Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/epicor-software-corporation/
Attorney Advertising. Past results do not guarantee a similar outcome.
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