Levi & Korsinsky is investigating the Board of Directors of Epicor Software Corporation (“Epicor Software” or the “Company”) (Nasdaq: EPIC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Apax Partners Holdings Ltd. Under the terms of the transaction, Epicor Software shareholders will receive $12.50 per share in cash for each share of Epicor Software they own for a total transaction value of $790 million.
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The investigation concerns whether the Epicor Software Board of Directors breached their fiduciary duties to Epicor Software stockholders by failing to adequately shop the Company before entering into this transaction and whether Apax Partners Holdings Ltd. is underpaying for Epicor Software shares, thus unlawfully harming Epicor Software stockholders. In particular, the median price target set by six analysts for Epicor Software stock is $13 per share and at least one analyst set a price target of $14 per share.
If you own common stock in Epicor Software and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.