BALA CYNWYD, Pa., April 17, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Edelman Financial Group, Inc. ("Edelman" or the "Company") (Nasdaq: EF) relating to the proposed acquisition by Lee Equity Partners ("Lee").
Under the terms of the transaction, Edelman shareholders would receive only $8.85 in cash for each share of Edelman stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Edelman for not acting in the Company's shareholders' best interests in connection with the sale process to Lee. The transaction may undervalue Edelman as the transaction would pay Edelman shareholders only a slight premium above the $8.70 per share Edelman stock traded on August 5, 2011 and is below multiples of comparable deals. In addition, some members of senior management will have positions at the new company and maintain equity positions.
If you own shares of Edelman stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], visiting http://brodsky-smith.com/410-ef-edelman-financial-group-inc.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC