Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Adams Golf, Inc. (“Adams Golf” or the “Company”) (NASDAQ: ADGF) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Adidas-owned TaylorMade-adidas Golf Company in a transaction valued at about $70 million. Under the terms of the proposed transaction, Adams Golf shareholders will receive $10.80 in cash for each share of Adams Golf common stock they own. Insiders including Chairman and CEO B.H. Barney Adams, Director John M. Gregory, Director Joseph R. Gregory, Director Russell L. Fleischer, Director Mark R. Mulvoy, Director Robert D. Rogers, and SJ Strategic Investments LLC, who collectively own approximately 35% of Adams Golf’s outstanding shares, have already agreed to vote their shares in favor of the transaction.
Request more information now by clicking here: www.faruqilaw.com/ADGF. There is no cost or obligation to you.
Whether Adams Golf’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Adams Golf’s shares and by how much this proposed transaction undervalues the Company to the detriment of Adams Golf’s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Adams Golf and wish to obtain additional information and protect your investment free of charge, please visit us at www.faruqilaw.com/ADGF or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.