NEW YORK, Jan. 23, 2017 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Calamos Asset Management, Inc. (NASDAQ: CLMS), concerning the going private transaction by an entity formed by Calamos's Founder, John Calamos and Chief Executive Officer, John Koudounis. As of September 30, 2016, John Calamos and related entities owned Calamos Class A and Class B shares which represented 97.4% of the combined voting power. According to Carl Stine, who is a partner at Wolf Popper, "Calamos's insiders appear to be trying to use their majority stake to buy Calamos at a bargain-basement price."
Under the terms of the proposed transaction, Calamos's shareholders would receive $8.25 per share in cash for each Calamos share they own through a tender offer. The proposed offer has an estimated value of approximately $169 million. However, the proposed offer price is below Calamos's 52-week high of $9.59 per share.
Wolf Popper is investigating claims whether the proposed offer price would unfairly undervalue the inherent value of Calamos and Calamos shareholders would not be receiving the maximum value for their shares. Calamos shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or firstname.lastname@example.org.
Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2016 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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SOURCE Wolf Popper LLP