WEISSLAW LLP: Exactech, Inc. Acquisition May Not Be in the Best Interests of EXAC Shareholders

NEW YORK, Oct. 24, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Exactech, Inc. ("EXAC" or the "Company") (NASDAQ: EXAC) in connection with the proposed acquisition of the Company by private equity firm TPG Capital ("TPG").  On October 23, 2017, the Company announced a definitive merger agreement for TPG to acquire all outstanding shares of EXAC in a transaction that values the Company at $625 million.  Under the terms of the agreement, EXAC shareholders will receive $42.00 in cash for each EXAC share they own. 

WeissLaw is investigating whether EXAC's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, the Company announced positive financial results for the second quarter of 2017.  It reported that revenue increased to $67.3 million from $66.1 million in the same period of the previous year.  EXAC also reported a $5.4 million dollar year-over-year increase in revenue for the first six months of 2017 as compared to the same period last year. 

Given these facts, WeissLaw is investigating whether EXAC's Board acted in the best interests of EXAC's public shareholders to maximize shareholder value prior to entering into the agreement.  If you own EXAC shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at [phone] or by email at [e-mail]. 

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 [e-mail] or fill out the form on our website, http://www.weisslawllp.com/exactech-inc/.

 

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SOURCE WeissLaw LLP

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