BALA CYNWYD, Pa., March 22, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Adams Golf, Inc. ("Adams" or the "Company") (Nasdaq: ADGF) relating to the proposed acquisition by the Adidas Group. ("Adidas").
Under the terms of the transaction, Adams shareholders would receive only $10.80 in cash for each share of Adams stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Adams for not acting in the Company's shareholders' best interests in connection with the sale process to Adidas. For example, several current officers of Adams have agreed to continue in their current roles after the completion of the transaction. In addition, Adams has reported an increase in 2011 net sales and realized net profit.
If you own shares of Adams stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, visiting http://brodsky-smith.com/400-adgf-adams-golf-inc.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC