Epicor Software Corporation
Robbins Umeda LLP Is Investigating Epicor Software Corporation Acquisition for Shareholders
Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of Epicor Software Corporation (NASDAQ: EPIC). The Firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Epicor in connection with their efforts to sell the company to Apax Partners.
On April 4, 2011, Epicor announced it has entered into a definitive merger agreement under which Apax will acquire all of the outstanding common shares of Epicor. Under the current agreement, Epicor shareholders will receive $12.50 in cash for each share of Epicor common stock they hold. The deal is expected to close in the second quarter of 2011.
The investigation is focused on whether Epicor’s board is undertaking a fair process to obtain maximum value for its shareholders. Of particular note, five analysts have a price target for Epicor above Apax’s offer, ranging from $13 to $14 per share.
If you own stock in Epicor and would like more information about your shareholder rights, please complete the form below and we will contact you directly. We also welcome you to call us at 800-350-6003.