Wohl & Fruchter Initiates Investigation into Acquisition of Epicor Software Corporation (NASDAQ: EPIC) by Apax Partners
April 04 2011 - 9:43AM
Business Wire
The law firm of Wohl & Fruchter LLP has commenced an
investigation into the acquisition of Epicor Software Corporation
(NASDAQ: EPIC) (Epicor) by Apax Partners (Apax).
Epicor has announced that it has entered into a definitive
agreement to be acquired by Apax for $12.50 per share in cash,
representing a premium of 11.2% over the company’s closing stock
price prior to announcement of the acquisition.
In light of (1) the low premium to the pre-announcement trading
price of Epicor, and (2) the acquisition of the company by a
financial acquirer that is likely to retain incumbent management on
terms substantially more favorable than existing employment
arrangements, our investigation concerns whether the company’s
board of directors conducted an adequate and independent process to
achieve the maximum sale price reasonably available for the
company.
Additional information is available at www.wohlfruchter.com/cases/epic.
Persons with relevant information and Epicor shareholders with
questions about this investigation are invited to contact our
Firm.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation
arising from fraud and other fiduciary breaches by corporate
managers, as well as other complex litigation matters. Please visit
our website, www.wohlfruchter.com, to learn more about our Firm, or
contact one of our partners.
This release may be deemed to constitute attorney
advertising.
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