Adams Golf, Inc. : The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Adams Golf, Inc. in Connection with the Sale of the Company to TaylorMade-adidas Golf Company
03/20/2012| 12:45pm US/Eastern
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Levi & Korsinsky is investigating the Board of Directors of Adams Golf,
Inc. ("Adams Golf" or the "Company") (Nasdaq: ADGF) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to TaylorMade-adidas Golf
Company. Under the terms of the agreement, Adams Golf stockholders will
receive $10.80 for each share of Adams Golf common stock they own. The
transaction has a total approximate value of $70 million. Shareholders
holding approximately 35% of Adams Golf's outstanding shares have
already agreed to tender their shares.
Click here to learn how to join the action: http://www.zlk.com/adams-golf-adgf,
or call: 877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the Adams Golf Board of Directors
breached their fiduciary duties to Adams Golf stockholders by failing to
adequately shop the Company before entering into this transaction and
whether TaylorMade-adidas Golf Company is underpaying for Adams Golf
shares, thus unlawfully harming Adams Golf stockholders.
If you own common stock in Adams Golf and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. The
attorneys at Levi & Korsinsky have been appointed by numerous courts
throughout the country to serve as lead counsel on behalf of
shareholders in major securities lawsuits and have successfully
recovered multimillion-dollar damages awards on behalf of investors. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky,
Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax:
212-363-7171
www.zlk.com
© Business Wire 2012
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