SAN DIEGO, Jan. 12, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Calamos Asset Management Inc. (NASDAQ: CLMS) breached their fiduciary duties in connection with the proposed sale of the Company, announced on December 19, 2016, to an entity formed by the Company's Chairman and CEO. Calamos provides investment advisory services to individuals including high net worth individuals, institutions, major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them.
Under the terms of the proposed transaction, shareholders of Calamos will receive only $8.25 in cash for each share of Calamos that they own.
The investigation concerns whether the Calamos board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Calamos shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration. Calamos stock traded at over $12 per share in June 2015 and would result in a loss for many shareholders.
If you own the common stock of Calamos and purchased your shares before December 19, 2016, and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP