Science & Technology
Tue, August 31, 2010Mon, August 30, 2010Fri, August 27, 2010Thu, August 26, 2010Wed, August 25, 2010Kendall Law Group Investigates A.D.A.M. Inc. Acquisition for Shareholders
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Published in Science and Technology on Monday, August 30th 2010 at 13:00 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], a national securities firm led by a former federal judge, is investigating A.D.A.M. Inc. (NASDAQ: ADAM) for shareholders in connection with the proposed acquisition by Ebix Inc. The firm is investigating whether A.D.A.M. properly shopped the Company prior to entering into the agreement. This possible breach of fiduciary duty may have kept the Company from reaching a deal that would provide better value for shareholders. If you are an A.D.A.M. shareholder and would like additional information about your rights, you are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].
On August 30, 2010 the companies announced that the companies have entered into a definitive merger agreement under which A.D.A.M. would be acquired by Ebix in a transaction valued at approximately $66 million. Under the terms of the agreement, A.D.A.M. stockholders will receive 0.3122 of Ebix stock for each share of A.D.A.M./ADAM common stock.
Kendall Law Group was founded by former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.