Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of Edelman Financial Group, Inc. (“Edelman” or the “Company”) (NASDAQ: EF) (ISIN: US27943Q1058) concerning the proposed acquisition of Edelman by Lee Equity Partners, LLC, in a cash transaction valued at approximately $257 million. The investigation concerns whether the Edelman directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Edelman shareholders would receive $8.85 in cash per share of Edelman common stock. However, the price to EBITDA, Revenue, Total Assets and Book Value multiples are below that of comparable deals. Additionally, key management will have positions at the new company as well as maintain a significant equity investment. Edelman shareholders seeking more information about this acquisition are advised to contact Rebecca Jarmon at email@example.com or 212-661-1100 or 888-476-6529, ext. 314. The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Shares of Edelman Financial Group (Nasdaq:EF) have taken a tremendous swing upward. The stock is trading at $8.70 as of 9:35 a.m. ET, 40.8% above Friday's closing price of $6.18. Volume is at 4.2 million, 125.7 times the daily average of 33,500.