An investigation on behalf of investors, who currently hold shares of Examworks Group, Inc. (NYSE:EXAM), was announced concerning whether the takeover of Examworks Group, Inc. for $35.05 per share is unfair to NYSE:EXAM stockholders.
Investors who purchased shares of Examworks Group, Inc. (NYSE:EXAM) and currently hold any of those NYSE:EXAM shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Examworks Group, Inc. breached their fiduciary duties owed to NYSE:EXAM investors in connection with the proposed acquisition.
On April 27, 2016, Examworks Group, Inc. (NYSE:EXAM) announced today that it has entered into an agreement to be acquired by an affiliate of Leonard Green & Partners, L.P., for $35.05 per share in cash, representing a total transaction value of approximately $2.2 billion.
However, given that at least one analyst has set the high target price for NYSE:EXAM shares at $41.00 per share, the investigation concerns whether the offer is unfair to NYSE:EXAM stockholders. More specifically, the investigation concerns whether the Examworks Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Shares of Examworks Group, Inc. (NYSE:EXAM) closed on May 6, 2016, at $35.42 per share.
Those who are current investors in NYSE:EXAM shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com