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Kendall Law Group Investigates AMICAS, Inc. on Behalf of Shareholders

^{Published on 2009-12-28 12:45:09 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of AMICAS, Inc. (NASDAQ: AMCS) by Thomas Braco. The investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors of Amicas may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.

On December 28, 2009, Amicas announced that it has reached an agreement to sell the Company to Thomas Bravo, a private equity firm, in a $217 million transaction that is expected to close in the first quarter of 2010. According to the agreement, shareholders will receive $5.35 in cash per AMCS share owned. This represents approximately 21% premium over the $4.42 closing price of Amicas on the last trading day before the announcement.

If you are a current holder of AMCS and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at [ hlindley@kendalllawgroup.com ]. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.