Morgan & Morgan Announces Investigation Of Epoch Holding Corporation (NASDAQ: EPHC)
NEW YORK, Dec. 7, 2012 /PRNewswire/ -- Morgan & Morgan is investigating potential claims against the board of directors of Epoch Holding Corporation ("Epoch") (EPHC) concerning the proposed acquisition of Epoch, the parent company of Epoch Investment Partners, by TD Bank Group ("TD Bank").
If you are a current shareholder of Epoch and are interested in learning more about our Epoch (EPHC) merger investigation, please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at email@example.com.
On December 6, 2012, Epoch announced that it had entered into an agreement to be acquired by TD Bank in an all-cash transaction valued at approximately $668 million. Under the terms of the agreement, Epoch's shareholders will receive $28.00 in cash for each share of Epoch stock owned. However, Epoch stock has traded as high as $27.85 per share as recently as April 30, 2012 and at least one analyst has set a target price for Epoch at $33.50 per share.
Epoch's Board of Directors has unanimously approved the proposed deal which is expected to close in the first half of 2013.Our investigation concerns whether Epoch's Board of Directors has breached its fiduciary duties to act in the best interests of Epoch's shareholders and to take all necessary steps to ensure that Epoch's shareholders receive the maximum value readily available for their shares of Epoch common stock. About Morgan & Morgan Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people." Attorney advertising. Prior results do not guarantee a similar outcome.
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