Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Epoch Holding Corporation (“Epoch” or the “Company”) (NASDAQ: EPHC) (ISIN: US29428R1032) concerning the proposed acquisition of Epoch Holding Corporation by TD Bank Group in a transaction valued at approximately $668 million in cash. The investigation concerns whether the Epoch directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Epoch shareholders will be entitled to receive $28.00 per share in cash for each share of Epoch common stock. However, just yesterday, analysts’ estimates targeted the stock price at $33.50, which is above the $28.00 offer price. Epoch shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at email@example.com or 212-661-1100 or 888-476-6529, ext. 237. The Pomerantz Firm, with offices in New York, Chicago and San Diego, 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 75 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 defrauded investors. See www.pomerantzlaw.com.
Shares of Epoch Holding Corporation (Nasdaq:EPHC) have taken a tremendous swing upward. The stock is trading at $15.46 as of 3:50 p.m. ET, 21.6% above Monday's closing price of $12.71. Volume is at 55,151, 1.3 times the daily average of 42,400.