(IBwire.com – March
20, 2012) - The Law Offices of Marc S. Henzel (www.henzellaw.com) a firm focusing on
shareholder litigation, and is investigating claims on behalf of investors of Adams
Golf, Inc. (NYSE: ADGF) concerning
the proposed acquisition of Adams Golg by the adidas Group LLC.
According to reports, The adidas Group and Adams Golf, Inc. (Nasdaq: ADGF) announced that the TaylorMade-adidas
Golf business segment has entered into a definitive agreement to acquire all of
the outstanding shares of Adams Golf for $10.80 per share in cash. The
transaction value is approximately $70 million (approximately € 53 million),
which represents a premium of approximately 71% to the share price prior to
Adams Golf's announcement that it was examining strategic alternatives on January 4, 2012.
The Board of Directors of Adams Golf has unanimously approved the transaction.
Certain insiders, who include John M. Gregory, Joseph R. Gregory, SJ Strategic
Investments LLC, B.H. (Barney) Adams, Russell L. Fleischer, Mark R. Mulvoy and
Robert D. Rogers, collectively own approximately 35% of Adams Golf's
outstanding shares and have agreed to vote their shares in favor of the
transaction. The adidas Group plans to finance the acquisition with cash on
hand or through existing credit lines. The transaction is subject to customary
closing conditions and regulatory approvals as well as approval by Adams Golf
shareholders. The transaction is expected to close mid-2012.
If you own shares of Adams Golf, Inc. (NYSE: ADGF) and would like to learn more
about any potential claims or you wish to discuss these matters and have any
questions concerning this announcement or your rights, please contact Marc S.
Henzel (610) 660-8000, email at Mhenzel@Henzellaw.com,
or to sign up online, visit the firms website at www.henzellaw.com.
The Law Offices
of Marc S. Henzel is a national shareholder litigation firm representing
shareholders & investors in various areas of securities laws including but
not limited to; class actions, derivatives, transactional (buyouts/mergers/acquisitions)
and FINRA & NYSE Arbitrations.
advertising. © 2012 Law Offices of Marc S. Henzel. The law firm responsible for this
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Offices of Marc S. Henzel