American Dental Partners, Inc. Merger Litigation (Nasdaq: ADPI)
Law Office of Brodsky & Smith, LLC Announces Investigation of American Dental Partners, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of American Dental Partners, Inc. (“American Dental” or the “Company”) (Nasdaq – ADPI- News) relating to the proposed acquisition by an affiliate of JLL Partners, Inc. (“JLL Partners”).
Under the terms of the transaction, American Dental shareholders would receive $19.00 in cash for each share American Dental stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of American Dental for not acting in the Company’s shareholders' best interests in connection with the sale process to JLL Partners. The transaction may undervalue American Partners as the agreed upon price is below an analyst price target of $21.00 per share.
If you own shares of American Partners 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, or by calling toll free 877-LEGAL-90.
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