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Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Amicas, Inc.

^{Published on 2009-12-28 12:35:20 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of the common stock of Amicas, Inc. ("Amicas" or the "Company") (Nasdaq: AMCS) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by the Company's Board of Directors to allow the Company to be acquired by an affiliate of Thoma Bravo, LLC in a going-private transaction valued at approximately $217 million.

The current investigation concerns the price to be paid to Amicas' shareholders and the process by which Amicas' Board of Directors is addressing the transaction, including whether the Company's Board of Directors breached its fiduciary duties to the Company's shareholders by agreeing to sell the Company at an unfair price. Whereas Amicas' shareholders would receive $5.35 per share in cash under the terms of the proposed transaction, at least one analyst has set a price target of $6.00 per Amicas share, representing a substantial potential discount to Thoma Bravo, LLC.

If you own the common stock of Amicas and wish to obtain additional information about this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to [ ssbny@aol.com ] or by writing to Stull, Stull & Brody, 6 East 45^th Street, New York, NY 10017. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duty on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody has offices in New York and Los Angeles.

Attorney advertising. Prior results do not guarantee a similar outcome.