NEW YORK, April 14, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Dover Saddlery, Inc. ("Dover" or the "Company") (NASDAQ: DOVR) (ISIN: US2604121010) (CUSIP: 260412101) concerning the proposed acquisition of Dover by Webster Capital.
Dover shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at [email protected] or 212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the Dover directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed transaction, Dover shareholders will receive $8.50 in cash for each share of Dover common stock. However, the Price to EBITDA and Revenue multiples are below the average of comparable transactions, according to a Bloomberg analysis.
Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 237
SOURCE Pomerantz LLP