|[August 20, 2014]
Newman Ferrara LLP Announces Investigation of EVOQ Properties, Inc.
NEW YORK --(Business Wire)--
Newman Ferrara LLP has begun an investigation into potential claims
against the Board of Directors of EVOQ Properties, Inc. ("EVOQ") (OTC:
EVOQ) concerning its proposed sale to an entity established by
affiliates of Atlas Capital Investors III, LLC, Square Mile Capital
Management, LLC, and USAA Real Estate Company.
Under the terms of the proposed transaction valued at approximately $357
million, EVOQ stockholders will receive approximately $12.96 in cash for
each share of EVOQ stock owned, subject to certain adjustments provided
for in the merger agreement. EVOQ's Board of Directors has unanimously
approved the proposed transactionand expects it to close in October
Newman Ferrara's investigation concerns potential breaches of fiduciary
duty and other violations of state law by EVOQ's Board of Directors. The
investigation focuses on the potential unfairness of the consideration
being provided to EVOQ's stockholders and the process by which EVOQ's
Board of Directors considered and approved the proposed deal.
Concerned investors may contact Newman Ferrara attorney Roy Shimon at firstname.lastname@example.org
to discuss this investigation, their rights, or potential remedies.
Newman Ferrara maintains a multifaceted practice based in New York City
with attorneys specializing in complex commercial and multi-party
litigation, securities fraud and shareholder litigation, consumer
protection, civil rights, and real estate. For more information, please
visit the firm website at www.nfllp.com.
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