Levi & Korsinsky is investigating the Board of Directors of Golfsmith International Holdings Inc. (“Golfsmith” or the “Company”) (Nasdaq: GOLF) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Golf Town. Under the terms of the agreement, Golfsmith shareholders will receive $6.10 per share of Golfsmith stock they own. The transaction has a total approximate value of $96.5 million.
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The investigation concerns whether the Golfsmith Board of Directors breached their fiduciary duties to Golfsmith stockholders by failing to adequately shop the Company before entering into this transaction and whether Golf Town is underpaying for Golfsmith shares, thus unlawfully harming Golfsmith stockholders. In particular, at least one analyst set a price target of $7.50 per share of Golfsmith stock.
If you own common stock in Golfsmith and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.