NEW YORK, March 23, 2012 /PRNewswire/ -- 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.
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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 firstname.lastname@example.org 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.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP