|[August 18, 2014]
EVOQ INVESTOR ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of EVOQ Properties, Inc. - EVOQ
WILMINGTON, Del. --(Business Wire)--
& Springer LLC, a boutique securities class action law firm
focused on representing shareholders nationwide, is investigating
potential breach of fiduciary duty claims against the Board of Directors
of EVOQ Properties, Inc. ("EVOQ" or the "Company") (OTC: EVOQ) relating
to the sale of the Company to an entity formed by affiliates of Atlas
Capital Investors III, LLC, Square Mile Capital Management, LLC and USAA
Real Estate Company (the "Investor Group"). On August 18, 2014, EVOQ
announced the signing of a definitive merger agreement pursuant to which
the Investor Group will acquire EVOQ in a merger valued at roughly
$357.4 million. As a result of the merger, EVOQ shareholders are only
anticipated to receive $12.96 per share in cash in exchange for each
share of EVOQ.
Andrews & Springer's investigation focuses on the sales process leading
up to the announcement of the merger, which appears to have some
questionable conflicts of interest, thus making the process and
consideration unfair. As indicated by the Company, MMPI Acquisition LLC,
a venture formed by Mount Kellett Capital Management LP and Global Asset
Capital LP, is the Company's majority and controlling shareholder.
Andrews & Springer is investigating whether EVOQ directors are breaching
their fiduciary duties by failing to adequtely shop the company and
secure the best value for shareholders.
If you own shares of EVOQ and want to receive additional information and
protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/EVOQ
or contact Craig J. Springer, Esq. at firstname.lastname@example.org,
or call toll free at 1-800-423-6013. You may also follow us on LinkedIn (News - Alert)
Twitter (News - Alert) - www.twitter.com/AndrewsSpringer
or Facebook (News - Alert) - www.facebook.com/AndrewsSpringer
for future updates.
Andrews & Springer is a boutique securities class action law firm
representing shareholders nationwide who are victims of securities
fraud, breaches of fiduciary duty or corporate misconduct. Having
formerly defended some of the largest financial institutions in the
world, our founding members use their valuable knowledge, experience,
and superior skill for the sole purpose of achieving positive results
for investors. These traits are the hallmarks of our
innovative approach to each case our Firm decides to prosecute. For
more information please visit our website at www.andrewsspringer.com.
This notice may constitute Attorney Advertising.
[ Back To TMCnet.com's Homepage ]