NEW YORK, April 17, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Edelman Financial Group, Inc. ("Edelman" or the "Company") (Nasdaq: EF) concerning the proposed acquisition of the Company by Lee Equity Partners ("Lee") in a transaction valued at approximately $258 million.
On April 16, 2012, it was announced that Edelman and Lee have entered into a definitive agreement pursuant to which Lee will acquire Edelman and take the Company private. Under the agreement, Edelman shareholders will receive $8.85 per share held.
Our investigation concerns whether the Edelman board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Edelman shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP